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Silo approach (lack of collaboration and standardization between business units)

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10y ago

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What is called when the government takes a hands off approach to businesses?

laissez-faire


What is a business approach?

A business approach refers to the strategy or methodology an organization employs to achieve its goals and objectives. It encompasses the principles, practices, and processes that guide decision-making, resource allocation, and overall operations. This approach can vary widely, ranging from customer-centric models to cost leadership strategies, depending on the market context and organizational vision. Ultimately, it serves as a framework for aligning activities with the company's mission and vision.


What is the definition of group entrepreneurship?

The definition of group entrepreneurship is a collaborative approach to enterprise creation. It can provide benefits to a community.


Are reliance fresh posing a threat to kirana stores?

The Reliance start chains of retail markets with turnover based approach by having very low margin and the items cheaper - quality, supply schedule, reliability, after sale service, personalised approach are the highlights which definetly throw out the middlemen, Dalals, greedy traders etc.


What is an example of soft plan?

A soft plan refers to a flexible, adaptable approach to project management or strategic planning that allows for adjustments as circumstances change. An example of a soft plan could be a business strategy that outlines broad goals and key performance indicators but leaves room for modification based on market trends or customer feedback. This approach enables organizations to pivot quickly and respond to new opportunities or challenges.