👉 Expediency is a concept in management and organizational design that refers to the tendency of organizations or individuals to prioritize short-term gains over long-term benefits. This can lead to inefficiency, as it may not consider the potential consequences of actions taken at the expense of others or resources. In terms of economics, expediency often involves prioritizing immediate needs and desires over longer-term planning. It is a way of thinking that sees the world in terms of short-term gains rather than long-term benefits.
Outrageously Funny Search Suggestion Engine :: Expediency
What is the definition of Inexpedience? 🙋
👉 Expediency is a concept in management and organizational behavior that refers to the tendency of individuals or groups to act more quickly, energetically, and decisively than usual. This can lead to poor decision-making, increased risk-taking, and sometimes even failure if not managed properly. In terms of economics, expediency may refer to the speed at which goods are produced or distributed, especially in industries where economies of scale exist. It is often associated with high production costs and limited flexibility in resource
What is the definition of Expediency? 🙋
👉 Expediency is a concept in accounting that refers to the financial prudence of taking action at the right time and with the correct resources, rather than waiting until it's too late or impossible. It emphasizes that actions should be taken as soon as possible to minimize losses and maximize profits.
