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bureaucracy

bureaucracy  

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Overview Page
[De]A type of organization marked by a clear hierarchy of authority, the existence of written rules of procedure, and staffed by full‐time, salaried officials. Often held to be one of the ...
business process re-engineering

business process re-engineering  

(BPR);An approach to the restructuring of organizations that seeks to introduce a fundamental and radical reassessment of the organizational processes. Rather than adjusting or improving on existing ...
corporate anorexia

corporate anorexia  

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Overview Page
A malaise that affects businesses after a severe cost-cutting phase. The firm's ability to expand production to maintain its competitive position in the market may, for example, be compromised by a ...
corporate governance

corporate governance  

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Overview Page
The processes, both formal and informal, through which a corporation is administered and managed. Corporate governance involves the legal requirements imposed upon the corporation, the policies ...
corporate restructuring

corporate restructuring  

A change in the business strategy of a company by diversification into new areas, which it considers more attractive. Alternatively, following poor performance, it may seek to withdraw from an area ...
decruiting

decruiting  

Is the opposite of recruiting. It means getting rid of employees, so a policy of decruitment is concerned with reducing the headcount through various methods (see downsizing and redundancy). The term ...
delayering

delayering  

The removal of layers of middle management (usually) from organizational structures, in order to bring an organization closer to the customer and generally to be more flexible and responsive. The ...
outsourcing

outsourcing  

The buying in of components, sub-assemblies, finished products, and services from outside suppliers rather than by supplying them internally. A firm may decide to buy in rather than supply internally ...
rationalization

rationalization  

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Overview Page
Reorganization of production in the interests of efficiency or profits. It generally includes non-marginal changes: for example, production may be concentrated in fewer factories where it was ...
redundancy

redundancy  

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Overview Page
Subject:
Law
Termination of employment without any fault on the part of the employees concerned, because of a fall in the employer's need for labour. Some UK workers have a legal right to compensation for ...
rightsizing

rightsizing  

The restructuring and rationalization of an organization to improve effectiveness and cut costs, without involving a full downsizing operation, which can often be overdone and result in corporate ...
sizing

sizing  

1 Preparing an estimate of the likely size of a program or software system. This estimate may subsequently be used, for example, to determine the amount of memory required on a computer system that ...
turnaround

turnaround  

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Overview Page
A strategy designed to reverse the decline in profitability of a firm or subsidiary, enabling it to achieve a viable and sustainable future. Firms in crisis require drastic action to effect a ...

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