Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Globalization and the growth of social media have accelerated competition among businesses and allowed customers to have greater choices and varieties. It is increasingly harder
- Globalization and the growth of social media have accelerated competition among businesses and allowed customers to have greater choices and varieties. It is increasingly harder for businesses to compete without having a well-organized roadmap. The Business Excellence Framework is a roadmap for businesses to build a competitive business. Ultimately, the goal of achieving business excellence is to lead to long-term sustainable business growth. The quest for business excellence is also fundamentally a focus on quality improvement.
- (a) Describe in your own words what is the meaning of sustainable business growth. (Note: maximum word count: 200)
- (b) Define productivity and in your opinion, illustrate why quality improvement leads to higher productivity. (Note: maximum word count: 250)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
The detailed answer for the above question is provided below a Sustainable business growth is the continuous and longterm expansion of a business that ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started