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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- Short-term objectives
Short-term objectives are measurable outcomes achievable or intended to be achieved in one year or less.
- Body language
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- Product Development
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- Production Differentiation
Production Differentiation, or brand identification, creates a barrier by forcing entrants to spend heavily to overcome customer loyalty
- Strategic Management
Strategic management is the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives.