Scarcity

(noun)

An inadequate amount of something; shortage.

Related Terms

  • Erroneous
  • necessity
  • strategic

(noun)

An inadequate amount of something; a shortage.

Related Terms

  • Erroneous
  • necessity
  • strategic

Examples of Scarcity in the following topics:

  • Barriers to Managing Control

    • Barriers to organizational control can include scarcity of resources, inaccurate measurements of the process, improper information flow, and incorrect analyses.
    • This under-funding of the control system creates resource scarcity for the process.
  • Internal and External

    • The first external constraint, resource scarcity, refers to the limited availability of essential inputs (including skilled labor), key raw materials, energy, specialized machinery and equipment, warehouse space, and other resources.
  • The Importance of Productivity

    • The price of coffee beans in dollars is therefore an enormous monetary risk for the company because resource scarcity could raise its expenses exponentially.
  • The Impact of Interpersonal Conflict on Team Performance

    • They can even prompt individuals to withdraw from the team, requiring the assignment of a new member or creating a resource scarcity that makes it more difficult for the team to fulfill its purpose.
  • Employee Transfers

    • This may happen because of layoffs, a change in company strategy, or a scarcity of a certain type of employee.
  • Porter's Five Forces

    • Similar to power of buyers, this bargaining power relies on scarcity and basic economics of supply and demand.
  • Introduction to Influence and Negotiation

    • A less intuitive example is by influencing through scarcity, which is the way in which limited availability dramatically influences buying behaviors.
  • Overview of Negotiating Strategies

    • Pressure and scarcity are utilized to intimidate the other party to closing the deal .
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