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Trade Offs Management

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Please explain trade-offs management and its application in an organization.

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Solution Summary

This 277 word solution clearly explains how trade-offs work in an organization and why there are such decisions to be made. The solution includes one reference link for further investigation into the topic.

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What trade-offs management means is that there are always costs to every decision and the important thing is to evaluate whether the benefits of a decision will more than offset the costs.

For a simple example in personal life, you could keep your old car and expect to pay repairs, or you could trade it in on a new car. The trick is to try to figure out all the factors that might affect your decision...in other ...

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