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Adhocracy is a flexible, adaptable, and informal form of organization defined by a lack of formal structure and employs specialized multidisciplinary teams grouped by function. It operates in a fashion opposite to bureaucracy. [1] Warren Bennis coined the term in his 1968 book The Temporary Society. [2]
ISO 44001 is now aligned to the high level structure that covers some ISO management system standards, and incorporates the eight stage life cycle model that was the basis for BS 11000 to help business partners maximize the value of collaborative working: Operational awareness; Knowledge; Internal assessment; Partner selection; Working together
Working capital (WC) is a financial metric which represents operating liquidity available to a business, organisation, or other entity, including governmental entities. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital is equal to current assets.
Trading collaboration [2] is the symmetrical opposite of "sourcing collaboration", in that it refers to the obtainer who enjoys a resource mediated by an organization but originally provided by another consumer (i.e. provider) via sourcing collaboration. The obtainer thus benefits from a resource that has been originally sourced by a provider ...
Make a bad investment, and you'll lose. That's a backbone of capitalism. It's how venture capital works. But on Wall Street, as we've seen, things can work differently. Student loan debt can be ...
Holacracy is a method of decentralized management and organizational governance, which claims to distribute authority and decision-making through a holarchy of self-organizing teams rather than being vested in a management hierarchy.
The elements that constitute the organizational capital or capital of the firm, namely its culture, structure, organizational learning, can be a source of competitive advantage. [7] Leif Edvinsson , former head of Intellectual Capital at Skandia, was among the first to recognize that intangible assets, including organizational capital, were not ...
Variable capital, by contrast, refers to the capital outlay on labour costs insofar as they represent workers' earnings, the sum total of wages. The concept of constant vs. variable capital contrasts with that of fixed vs. circulating capital (used not only by Marx but by David Ricardo and other classical economists). The latter distinction ...