Asked by Tsahai Martin on Sep 26, 2024

What does the new strategic emphasis on speed involve?

A) Slowing down to avoid mistakes
B) Getting more work for the same pay
C) Doing the same things, only much faster
D) Only the production function
E) Reengineering the entire business cycle

Strategic Emphasis

Refers to an organization's focus on key areas that are deemed crucial for achieving its long-term goals and objectives.

Entire Business Cycle

The complete sequence of phases in business activity, from an initial increase in economic activity to its peak and subsequent decline and recovery.

Speed

The rate at which someone or something is able to move or operate.

  • Acknowledge the role of strategic unanimity and application in contributing to business achievement.
  • Appreciate the significance of rapid production, delivery, and continuous cost reduction in modern businesses.