Unit 1.5 - Growth and Evolution
What you need to know and understand:
- Internal and external economies and diseconomies of scale
- The difference between internal and external growth
- Reasons for businesses to grow
- Reasons for businesses to stay small
- External growth methods.
- Mergers and acquisitions (M&As)
- Takeovers
- Joint ventures
- Strategic alliances
- Franchising
- Mergers and acquisitions (M&As)
Conceptual Understandings:
- Change is essential for businesses to achieve their desired aims
- Creative business planning can lead to organizational success
- Ethical business behavior improves a business’ image as well as customer loyalty
- Sustainable business practices can enhance a business’ existence
Questions to consider:
- Most businesses desire to expand. What motivates the growth of a social organization like business?
- How can we evaluate the benefits and drawbacks of globalization, given the multitude of stakeholders it influences?
TEXTBOOK unit 1.5
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