100 Words each
Q1) In business strategy creates something. What is the purpose of a business’ strategy and why is it important?
Q2) How does differentiation create a competitive advantage?
Q3) One of the main leadership traits I was taught years ago is “Know yourself and seek self improvement.” That’s basically what this concept is about. However, how does a business do this?
Q4) The goal of managers of a business is to grow the business and increase profits. What are business ethics and how should they be instituted to ensure the business is operated in a proper manner to achieve long term growth?
Q5) Managers have a fiduciary responsibility to investors. That means they need to make sure that the investors financial interests in the firm are looked after. In order to do that – management must act in the best interest of the businesses long term goals. Sometimes decisions for long term success could affect a manger’s short term financial interests – like a bonus. Would it be ethical to make that decision that hinders the long term growth for my personal gain?
The post 100 Words each
Q1) In business strategy creates something. What is the purpose appeared first on Assignmentio.
