Values-based management in which the organization’s values guide employees in the way an example of a company that uses values-based management. Based on the simple statement “Make It Better,” employees at Timberland know what’s expected and valued. They know they need to find ways to “make it better” – whether it’s creating quality products for customers, performing community service activities, designing employee training programs, or figuring out ways to make the company’s packaging more environmentally friendly.
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A direct investment in a foreign country that involves setting up a separate and independent facility or office is called foreign subsidiary.
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Total quality management is a philosophy of management that is driven by continuous improvement and responsiveness to customer needs and expectations.
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The market share of a business divided by the market share of its largest competitor.
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Organization change which is any alteration of people, structure, or technology in an organization.
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Structure in which the corporate entity is a broad collection of often unrelated business and divisions such that it (the corporate entity) acts as financial overseer “holding” the ownership interest in the various parts of the company, but has little direct managerial involvement.