This section introduction to economics includes government influences on economic, environmental, legal and ethical issues, and impact different business functions.
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Most of the business organizations that exist in the world are small businesses and micro-businesses with either one or no additional workers.
Growth is a long-term objective of most businesses. However, some firms never grow. Why some businesses want to grow and other businesses remain small?
While growth is a common business objective, it is neither easy nor cheap for the company to achieve as there are many problems linked to business growth.
Franchising has allowed certain multinational businesses to expand much more rapidly than they could otherwise have done.
External Growth can lead to rapid expansion of the business which might be vital in very competitive markets, or in industries that expand fast.
Joint Ventures (JV) and strategic Alliances (SA) allow business organizations to enjoy some of the benefits of mergers, acquisitions and takeovers.
Joint Ventures (JV) and Strategic Alliances (SA) offer one tremendous opportunity for business growth. Here are three different types.
A Joint Venture (JV) and Strategic Alliance (SA) plays a key role in a corporate growth strategy. Check the steps in forming one.
Business integrations including mergers, acquisitions and takeovers bring benefits such as synergy and higher market share, but may cause problems.
Let’s take a look at different types of business integrations when merging with, acquiring or taking over another business.
External Growth (or inorganic growth) occurs through dealings with other businesses outside the organization. It is usually achieved by merging, acquiring or taking over another company.
Because the costs of External Growth are considerably high, it means that Internal Growth is the only suitable method of growth for many firms on the market.
Internal Growth is financed through a combination of retained profits, borrowing money, asking shareholders to contribute more capital or issuing new shares.
Internal Growth occurs when a business grows organically using its own resources to increase the scale of operations. Internal growth is typically slower.