Over the past century, breakthroughs such as brand management and the divisionalized organization structure have created more sustained competitive advantage than anything that came out of a lab or focus group. By perfecting the industrial research laboratory, for example, General Electric won more patents than any other U. Yet most companies focus their innovation efforts on developing new offerings or achieving operational efficiencies—gains competitors quickly copy. To stay ahead of rivals, you must become a serial management innovator , systematically seeking breakthroughs in how your company executes crucial managerial processes.
10 Business Plan Words Every Manager Needs to Know By Heart
Plan Synonyms, Plan Antonyms | Merriam-Webster Thesaurus
Business operations is the harvesting of value from assets owned by a business. Assets can be either physical or intangible. An example of value derived from a physical asset, like a building, is rent. An example of value derived from an intangible asset , like an idea, is a royalty. The effort involved in "harvesting" this value is what constitutes business operations cycles.
An economic impact analysis EIA examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'task. Send us feedback. See more words from the same century. Accessed 17 May.