Motivation refers to the process by which a person’s efforts are energized, directed, and sustained toward attaining a goal.
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- Strategic business unit
An adaptation of the divisional structure in which various division or parts of divisions are grouped together based on common strategic elements, usually linked to distinct product/market differences.
- Relative competitive position
The market share of a business divided by the market share of its largest competitor.
- Need for achievement
Need for achievement (nAch) which is the drive to succeed and excel in relation to a set of standards.
A term associated with entrepreneurship in large established companies; the process of attempting to identify, encourage, enable, and assist entrepreneurship within a large, established company so as to create new products, processes, services, or improvements that become major new revenue streams and sources of cost savings for the company.
Turnover is the voluntary or involuntary permanent withdrawal from an organization. It can be a problem because it leads to increased
- Employee engagement
Employees being connected to, satisfied with, and enthusiastic about their jobs. This concept is known as employee engagement.
- Liquidation in Grand Strategy Selection Matrix
Closing down the operations of a business and selling its assets and operations to pay its debts and distribute any gains to stockholders.