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Foundations of Business (MindTap C...

6th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781337386920

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BuyFindarrow_forward

Foundations of Business (MindTap C...

6th Edition
William M. Pride + 2 others
Publisher: Cengage Learning
ISBN: 9781337386920
Chapter 6, Problem 2DQ
Textbook Problem
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Does a healthy firm (one that is doing well) have to worry about effective management? Explain.

Summary Introduction

To determine: Whether a healthy firm should worry about effective management.

Introduction: Management is a solitary or gathering of people who challenges and directs a man or aggregate gathering of individuals in endeavoring to achieve required objectives and targets. It is the way toward planning individuals and different assets to accomplish the objectives of a business.

Explanation of Solution

The following reasons suggests on whether a healthy firm should worry about effective management:

Yes, a health firm should stress over powerful administration for the reason that, if it does not worry on its powerful administration, it will most likely not stay dissolvable for long. A firm should constantly anticipate future objectives and potential troubles. Without planning, it might not able to survive even a minor trouble...

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