The notion that competition is crucial for efficiency, improvement, and regeneration is fundamental to Western management practices.

Name: The notion that competition is crucial for efficiency, improvement, and regeneration is fundamental to Western management practices.
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Competition is considered a key driver in Western management practices as it encourages businesses to improve their products, services, and processes to gain a competitive edge, leading to overall efficiency and innovation.

The Notion That Competition Is Crucial for Efficiency, Improvement, and Regeneration