Concept explainers
(a)
Interpretation:
The early warning signs of a new competitor coming into the market.
Concept introduction:
It is essential to identify the early warning signs of a new competitor coming into the market. It will give them the strength to face the risks and burdens while enabling them to look at the future in a positive and stable manner.
(b)
Interpretation:
The early warning signs of an employee's work stoppage.
Concept introduction:
It is essential to identify the early warning signs of an employee work stoppage. This kind of a scenario may impact the whole process and therefore relevant actions need to be taken in order to ensure that the process runs smoothly without any deviances.
(c)
Interpretation:
The early warning signs of new technology that could change demand for the product.
Concept introduction:
It is essential to identify the early warning signs of new technology that could change demand for the product. So that relevant initiatives can be taken in developing the existing products, services and systems.
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Management (14th Edition)
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- Management, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub