Answer:
d. Operating principles increase team effectiveness and ensure that all parties are aware of what is expected.
Explanation:
Operating Principles are essentially the way that organizations put their values into practice and get things done. Many companies rely on operating principles to get things done faster. They also influence culture and values.
Principles of effective teamwork are:
1. Effective Communication amongst team members.
2. Reliable team members.
3. A good approach to conflict management.
4. Strong and effective leadership.
5.Effective allocation of resources.
6.Mutual respect amongst team members.
7.Constructive working relationship.
8.A positive approach to diversity and equality
Answer:
By understanding its core values, an organization can take steps to define its mission, a statement of the organization's function in society that identifies its customers, markets, products, and technologies.
Explanation:
The core value of a company can be defined as the enduring principles that govern it's fundamental conduct towards attainment of it's goals. It is usually a passionate pledge on the principles that the organization stands for. The founders of the company or organization are usually the authors of an organization's core values since the founders can be seen as the embodiment of the principles that they believe and live by. They strive to capture the organization's heart and soul in order to motivate it's employees, stakeholders and board of directors to drive the organization in such a way that the organization will be a reflection of it's core values.
Once the core values of an organization are understood, the organization can take steps to define its mission. The mission statement tends to define it's role to the society that identifies its customers, markets, products, and technologies. The mission statement should be brief, understandable and concise.
<u>Answer: </u>Outsourcing refers to having work performed overseas.
<u>Explanation:</u>
Outsourcing means the business hires third party firms for performance of service or product. Companies adopt this measure to reduce their business costs. With the help of outsourcing the overhead and labor costs can be cut down.
Contract manufacturers produce goods on behalf of the company for cost benefit purpose or availability of raw materials. One of the disadvantages of outsourcing is that the sensitive information about the company may be leaked. Through outsourcing some of the activities the company concentrate on core business activities.
