A popular method by which organizations worldwide undergo restructuring efforts to remain competitive. It involves fundamental rethinking and radical redesigning of a business process so that a company can best create value for the customer by eliminating barriers that create distance between employees and customers.
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Strategies refers the plans for how an organization will do what it’s in business to do, how it will compete successfully, and how it will attract
- Market Focus
Small companies, at least the better ones, usually thrive because they serve narrow market niches. This is usually called market focus, the extent to which a business concentrates on a narrowly defined market.
- External environment
The term external environment refers to factors and forces outside the organization that affect the organization’s performance. It includes two
Formalization refers to how standardized an organization’s jobs are and the extent to which employee behavior is guided by rules and
Credibility in terms the degree to which followers perceive someone as honest, competent and able to inspire.
- Transnational organization
Other companies use an arrangement that eliminates artificial geographic barriers. This type of MNC is often called a transnational,
- Esteem needs
Esteem needs- a person’s needs for internal esteem factors, such as self-respect, autonomy and achievement, and external esteem