The act or fact of making an organization something different from what it is or from
what it would be if left alone.
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Organizational change
A type of change that occurs incrementally.
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Evolutionary change
,When an entrepreneur receives cash from an investor in exchange for equity in the
company.
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Equity financing
When a group reaches a decision that few, if any, of the members would have chosen
themselves.
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Abilene Paradox
A legal structure for business that exists apart from the individuals who own it - e.g.
shareholders - and operate it - e.g. directors and officers.
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Corporation
A brief written statement of the vision and purpose of a venture or organization.
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, Mission statement
A model advanced by Jay B. Barney and Delwyn N. Clark that focuses on the
competences and capabilities of the firm in creating competitive advantage.
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Resource-based Theory
1) designed by Frederick W. Taylor
2) does not account for the individuality of workers
3) focuses on analyzing the physical work process
4) focused on raising productivity and output of product
5) based on the scientific method
6) principles still used and observable in business today
7) initiated in early 20th century
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Scientific Management
The process by which an organization generates new ideas and converts them into
new products, business practices, and strategies that create value.
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what it would be if left alone.
Give this one a try later!
Organizational change
A type of change that occurs incrementally.
Give this one a try later!
Evolutionary change
,When an entrepreneur receives cash from an investor in exchange for equity in the
company.
Give this one a try later!
Equity financing
When a group reaches a decision that few, if any, of the members would have chosen
themselves.
Give this one a try later!
Abilene Paradox
A legal structure for business that exists apart from the individuals who own it - e.g.
shareholders - and operate it - e.g. directors and officers.
Give this one a try later!
Corporation
A brief written statement of the vision and purpose of a venture or organization.
Give this one a try later!
, Mission statement
A model advanced by Jay B. Barney and Delwyn N. Clark that focuses on the
competences and capabilities of the firm in creating competitive advantage.
Give this one a try later!
Resource-based Theory
1) designed by Frederick W. Taylor
2) does not account for the individuality of workers
3) focuses on analyzing the physical work process
4) focused on raising productivity and output of product
5) based on the scientific method
6) principles still used and observable in business today
7) initiated in early 20th century
Give this one a try later!
Scientific Management
The process by which an organization generates new ideas and converts them into
new products, business practices, and strategies that create value.
Give this one a try later!
