Bureaucratic Hurdles: A Challenge for Businesses
What is Bureaucracy?
Bureaucracy refers to a system characterized by complex rules and procedures. It often involves a slow and cumbersome decision-making process.
Bureaucratic Hurdles in Business
Definition
Bureaucratic hurdles are obstacles created by bureaucratic processes. These hurdles can make it difficult for businesses to operate efficiently and effectively.
Consequences
Bureaucratic hurdles can have significant consequences for businesses:
- Slowed down operations
- Increased costs
- Reduced competitiveness
- Loss of customers
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