(a) "Asea Brown Boveri (ABB) is often cited in surveys as company managers most admired despite its size and organized subsidiaries numbering over 1,000 units".
Discuss and explain why such a large organization has managed to succeed in terms of focus and profitability.
(15 marks)
(b)"Some years ago, an American firm saw a sudden surge in demand for its line product which was relatively cheap to produce. The manufacturers expanded operations rapidly, but by next year, demand declined significantly". Explain
(15 marks)