2006-09-04 07:50:47 · 3 answers · asked by *~*Shel*~* 2 in Business & Finance ➔ Other - Business & Finance
Improvements in technology have allowed smaller companies and those that don't have huge R&D budgets to sometimes compete with larger companies. These improvements (from computers to monstrous ships full of shipping containers) have also allowed overseas companies to compete with domestic companies.
All of this competition means everyone has to maximize the productivity to even survive.
2006-09-04 07:59:01 · answer #1 · answered by Jim S 5 · 0⤊ 0⤋
Easy. The Goal of a company is to make money. To make money you have to keep getting more efficient, make your product cheaper, faster, and with higher quality than your competitors.
Failure to do so results in loss of sales and losing money.
Have a look at US automakers for an example. They got so far behind that even though they have done MUCH better in the last ten years, they are still behind. (We drive a Ford and like it)
Small business' can use the same tools, and the ones that do not understand how to make money will fail.
Remember: Goal = Make money.
2006-09-04 08:01:47 · answer #2 · answered by Cabhammer 3 · 0⤊ 0⤋
SORRY I DO NOT DO HOME WORK BUT TY FOR THE 2 POINTS .
2006-09-04 07:52:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋