How Structured Are You?

Organizational structures have changed over the years as people’s needs at work have developed and changed. Organizational structure is how a company aligns itself so that it can be at optimum performance. The structure that a company chooses to follow affects their success in carrying out strategy and objectives. Organizational structure is usually depicted throughContinue reading “How Structured Are You?”

Because I Said So!

Diversification strategy refers to the strategy that a firm adopts to enter into new markets or industry with new products. Product diversification is what a company uses to widen its profitability and scope and achieve higher sales volume from new products. The diversification strategy allows the organization to grow in its business. However, the actContinue reading “Because I Said So!”

Barriers to Entry

Barriers to entry are obstructions that make it difficult for new companies to enter the market. These obstacles vary from industry to industry. Some of the most common barriers include technology challenges, government regulations, patents, start-up costs, or education and licensing requirements. It can also include the high cost for customers switching over to yourContinue reading “Barriers to Entry”

Why Are Things so Complicated?

Life is not always black and white. Business is exactly the same. It’s not black and white or a, what you see is what you get, type of adventure. It is complicated. It is hard to navigate as a business leader but necessary. An organization’s environment includes factors that it can readily affect as wellContinue reading “Why Are Things so Complicated?”