Answer:
Management by objectives (MBO) theory
Explanation:
Management by objectives (MBO) is a management model that seeks to balance the objectives defined by both the company and its workers. It was first developed by Peter Drucker in 1954.
MBO considers that employees' participation is essential in order to align the whole organization's efforts towards achieving common goals.
Answer:
Oligopoly market involves few large sized firms with some restrictions on entry.
Monopolistic market has large number of small firms with relatively easier entry and exit.
Explanation:
Oligopoly is a market structure where there are only a small number of firms in a market. These firms are dominant and control major market shares. The entry into the market is slightly difficult due to several barriers. The firms in this market may produce homogeneous or heterogeneous products.
However, in a monopolistic market there are large number of firms which are small in size. These firms produce differentiated products which are close substitutes. The entry and exit in this market is relatively easier.
5 Ways To Encourage Smart Risk Taking
Model Risk-taking Behavior. Define Smart Risks and Set Limits. Identify Your Best Risk-takers And Unleash Them. Create A Safe Environment For Risk Taking. Reward Smart Failures
This is an example of negative environmental impact of human activities. Nick's factory should be closed immediately. He is destroying a very important ecosystem for the community.
Answer:
recognizes that business is a subset of society, and that society is a subset of the planet.
Explanation:
Conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet.
This ultimately implies that, conscious marketing encourages or jeer various organizations to engage in social responsibilities such as ethical and social activities.
Basically, an organization that engage in conscious marketing is very much concerned with having a sustainable and long-term brand’s performance by being authentic, ethical, transparent, and honest with its customers, in order to create a win-win relationships for both parties. The conscious marketing involves the following stakeholders;
1. Employees.
2. Society.
3. Consumers.
4. Market place.
Since conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet, it makes organization to have conscience in serving all their stakeholders rather than just focusing on making sales and profits.
<em>Generally, when an organization engage in conscious marketing it helps them to improve their brand equity and thus, increasing their sales and profits. </em>
