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Topic: Business
Number of pages / Number of words: 12 / 3316
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If the plan fails in some way, then the plan or the objectives are modified. Enterprises are striving to achieve this ideal agent behaviour.

The system of objectives may be related to external relationships (satisfying customer demands, producing returns to investors,?), or internal ones (improving processes, co-ordination, resource usage,?)...


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Simplified reference models for any organisation are shown in Fig.1 and in Fig.2. Notice that the model conforms to the simple view of systems utilised by control theory.

The operation of the organisation has an interface to the outside world through which consumed- and

Fig. 1 Reference model of an organisation (a simple GRAI model)

produced material and information services can flow while the management and control system has an information interface to the outside world...


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