BUSINESS REVIEW

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Across
  1. 3. The practice of subcontracting overseas
  2. 4. The practice of employing another business (as third party)to perform some peripheral activities
  3. 9. A form of innovation directly associated with the technical development of existing products or processes, or the creation of new ones
  4. 11. A factor that is very important for contingency planning, it must be the priority under any circumstance
  5. 14. An organization's attempts to put in place procedures to deal with a crisis, anticipating it through scenario planning
  6. 15. The amount of time it takes between ordering new stock and receiving it
  7. 16. A major, unpredictable event that occurs and threatens to harm an organization and its stakeholders
  8. 17. A factor that affects crisis management, which indicates that senior managers will need to communicate in an objective way, despite the temptation to turn the crisis into a media exercise in public relations.
  9. 19. a type of innovation where new products are created or improvements to existing products are made
  10. 20. A form of creativity that transfers and applies existing forms of thinking and problem solving to new scenarios or different situations
Down
  1. 1. the minimum amount of stock that should be held to ensure that production is still possible and customers' orders may still be fulfilled
  2. 2. The existing transport networks for people and products, and also the electronic networks (digital communication such as telephones, computers, and Internet)
  3. 5. The practice of performing peripheral activities internally, within the company
  4. 6. The systematic steps and efforts by an organization to limit the damage from a sudden crisis
  5. 7. The system of connected organizations, information, resources, and operations that a business needs to produce goods and provide services to its customers
  6. 8. A type of innovation where some parts of the manufacturing or service delivery are improved
  7. 10. The practice of bringing back business functions to the home country
  8. 12. A form creativity that generates new forms of thinking, addressing problems from an unusual perspective
  9. 13. Acronym for a method of stock control which means avoiding holding stock by being able to get suppliers only when necessary and to produce just when ordered
  10. 18. Acronym for a method of stock control which means holding reserve of both raw materials and finished products in case of a sudden increase in demand