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Tag: machine bureaucracy

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On 3 years Ago
financial Terms

What is a machine bureaucracy? Definition and examples

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A bureaucracy is a formalized management structure with a high degree of specialization. Top management makes decisions, which lower-level managers and employees make. Bureaucracy is much more common in large, established companies than in startups, startups, or SMEs. The letters PME refer to small and medium-sized businesses.  This type of […]

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