Designing Organizational Structure

Six key elements in organizational design.  The key elements in organizational design are work specialization, departmentalization, chain of command, span of control, centralization–decentralization, and formalization. Work specialization is dividing work…
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Why Is Entrepreneurship Important?

What Is Entrepreneurship?  Entrepreneurship is the process of starting new businesses, generally in response to opportunities. Entrepreneurs are pursuing opportunities by changing, revolutionizing, transforming, or introducing new products or services.…
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