Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please give an answer to this essay. This is about: Why it is important for a firm to study and understand its internal organization? The

Please give an answer to this essay. This is about:Why it is important for a firm to study and understand its internal organization?

The business environment is constantly changing and with that change, business needs to be able to adapt and restructure. In order to be able to keep up with the constant changing business environment, a firm must study and understand their internal organization. The internal organization consist of the different components that make up the structure of the organization to help make decisions and strategy. By studying and understanding the internal organization, a company can limit conflict and politics when making decisions. Limiting conflict and politics within the internal organization will lead to a more efficient and effective company. Although the process of studying and understanding internal organization can be difficult, if done correctly the business will earn above average returns. It is the managers responsibility to help a firm earn above average return by pursuing and managing resources and assets. The resources, assets, and core competencies need to be used to their full potential to earn above average returns.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Law For Health Informatics And Information Management

Authors: Melanie Brodnik, LaurieRinehart-Thompson, Rebecca Reynolds

3rd Edition

9781584265306

More Books

Students also viewed these Law questions

Question

Define epistemology.

Answered: 1 week ago

Question

a sin(2x) x Let f(x)=2x+1 In(be)

Answered: 1 week ago