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Wuxing (Chinese: 五行; pinyin: wǔxíng), [a] usually translated as Five Phases or Five Agents, [2] is a fivefold conceptual scheme used in many traditional Chinese fields of study to explain a wide array of phenomena, including cosmic cycles, the interactions between internal organs, the succession of political regimes, and the properties of ...
Other than a specific stand-alone methodology, 5S is frequently viewed as an element of a broader construct known as visual control, [3] visual workplace, [4] or visual factory. [ 5 ] [ 6 ] Under those (and similar) terminologies, Western companies were applying underlying concepts of 5S before publication, in English, of the formal 5S methodology.
Hinduism influenced Buddhism, which accepts only four Mahābhūtas, viewing Akasha as a derived (upādā) element. These five elements of the Indian cosmological system are static or innate in comparison to five element, phases or the transformational theory used within China's Wuxing philosophy. [5]
The Master of Business Administration (MBA or M.B.A.) is a master's degree in business administration with a significant focus on management. [11] The MBA degree originated in the United States in the early-20th century, [ 12 ] when the nation industrialized and companies sought scientific approaches to management.
A management system is a set of policies, processes and procedures used by an organization to ensure that it can fulfill the tasks required to achieve its objectives. [1] These objectives cover many aspects of the organization's operations (including product quality, worker management, safe operation, client relationships, regulatory ...
A graphical representation of Porter's five forces. Porter's Five Forces Framework is a method of analysing the competitive environment of a business. It draws from industrial organization (IO) economics to derive five forces that determine the competitive intensity and, therefore, the attractiveness (or lack thereof) of an industry in terms of its profitability.
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The work system itself consists of four elements: the processes and activities, participants, information, and technologies. Five other elements must be included in even a rudimentary understanding of a work system's operation, context, and significance.