Two Challenges

Two of the challenges of performing stakeholder analysis are determining how stakeholders are affected by a firm‘s decisions and how much influence they have over the implementation of the decisions that are made. Many people have a tendency to fall Read More …

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TYPES OF MARKETS

1. PERFECT COMPETITION This is also known as pure competition) describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, Read More …

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CONSORTIUM BUYING

A consortium is a short-term arrangement in which several firms (from the same or different industry sectors or countries) pool their financial and human resources to undertake a large project that benefits all members of the group. A consortium lasts Read More …

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Types of Organization Structure

In choosing a company’s organizational structure, management is searching for the one that will bring the company’s moving parts together into a well-coordinated, efficient and effective unit. The choice is important because the right groupings of people and work facilitate Read More …

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