Answered: how does information flow help in the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

how does information flow help in the competitive success and profitability of modern organizations?

Expert Solution

Step 1

First, we understand about Modern Organisation

Modern Organisation:

The current organization denotes a boundaryless association that is organizing and teaming together like never before. They are suitable for rapid advancement and hence great for firms in the expanding innovation industry. Its primary aim is to improve its exercises and network so that it can recognize new requests and set goals most of the time. The current board approach relies heavily on sensitive abilities - agreement building, connections, tuning in, and understanding, and taking the group along with you rather than towing them along with you.