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As per Darwins Theory of evolution it is Survival of the fittest. That means being best matched to the current situation fair or unfair. So you could be successful for years but fail one day because your stock is destroyed in a flood and you are not insured. So you must predict the future well and be better than your competitors at delivering your product. Reliability, Availablity and Serviceability was IBMs old motto. It may still be that. Find out what is needed and wanted and can be produced at a profit. Watch out for high overhead costs as if business drops off they could soon wipe out your profits and capital. You might for instance employ contractors rather than permanent employees so that if business drops off you can end there contract easily.
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Types of organisation?
following are the types of organisation 1-line organisation 2-line and staff organisation 3-functional organisation 4-divisional organisation 5-project organisation 6-matrix organisation 7-virtual organisation 8-free-form organisation 9-geographical organisation 10-committee organisation
What is the importance of a meeting in an organisation?
importances of meetings in an organisation
What is a limited organisation?
Well. A limited organisation is a organisation which is limited to one area, therefore you cannot make it worldwide:(
What is a board of directors?
Board of directors is a group of people who are elected or appointed to an organisation to direct the strategy of the organisation.
What is Profit-making companies?
A profit making organisation is an organisation which its priority is to make a profit rather than to help the community.
