Which term refers to the fundamental rethinking and radical redesign of business processes to become more competitive?

Which of the following is a drawback of the product life-cycle theory?

A. Its relevance in the modern world seems limited. B. It makes many simplifying assumptions. C. It fails to explain the pattern of international trade during the period of American global dominance. D. It fails to explain what happens when a product's market in the United States and other advanced nations matures. E. It fails to account for diminishing returns.

Managers who want creative and innovative employees should ________

A) not place much emphasis on goals B) focus on means rather than ends C) focus on ends rather than means D) stress that there is only one path to a goal