We live in a dynamic environment that changes all the time. Businesses must understand the changes in the environment and how these changes affect their performance. The process of thinking strategically requires that managers understand how the structure and competitive dynamics of their industry affect the performance and profitability of their companies. Armed with an appreciation of the forces in [...]
Business is an organization comprising people who strive together to achieve common objectives and goals. It is important for a business organization to have a vision that implies what it intends to achieve in the future and values that represent the organization's integrity. A business organization is a commercial, industrial, or mercantile enterprise, and comprises the people who constitute it. [...]
Formation of a company involves a number of steps which are required to be taken from the time a business idea originates till the time a company is legally ready to commence business. The stages and steps involved in the formation of a company are:- 1. Promotion Stage 2. Incorporation Stage 3. Capital Subscription Stage 4. Commencement of Business Stage. [...]