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Adherence of workers to organizational regulations increases productivity and client satisfaction with organizational products. Principled Entrepreneurship Maximizing long-term profitability by creating real value is the greatest way of pursuing customers in the market.
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Additionally, estimation of business productivity and enhancing organizational knowledge helps in increasing organizational market knowledge. An organization applying the MBM approach is one that has similar principles, rules, and culture, in order to foster principled, entrepreneurial behavior among its employees http:By definition, market management is a person who manages the resources in a region for a specific brand or product (Anonymous, Market Manager, ).
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Market Based Management Essay Words | 5 Pages. Introduction The Market-Based Management philosophy was developed by Charles Koch and is employed by Koch Industries, the largest privately-held company in the world, according to Forbes magazine.Download