GBE.Jan31.docx - Efficiency output/input Effectiveness...

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Efficiency: output/input Effectiveness: achieving goals (level of results from the actions) Optimize: always looking for best value Single source JIT (just in time): management system that orders parts and products from suppliers only as required to meet the immediate customer demand JIC (just in case): maintaining large inventories to reduce the risk of back orders in the face of supply and demand uncertainties. Weak link theory Multinational Company (MNC) Owns or controls production of goods/services in one or more countries other than their home
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  • Fall '17
  • Globalization, Corporation, Dutch East India Company, multinational company

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