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| Topic: |
Business
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| Number of pages / Number of words: |
38 / 10595 |
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This framework shows that management practices result in the interaction among the 3 major factors: 1) Management concepts which include: Organization and Management, Operation, Marketing and Financial; 2) Internal Factors (weakness); 3) External Factors which includes: 1) The Enhancing Factors (Opportunities) and 2) the Limiting Factors (Threats)...
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Theses are important in determining various decisions factors, like, the need to understand the various ways or behavior in the organization, the need to keep watch of the various financial indicators such as the financial statements, the need and importance of training for the employees. Hence, the basic ingredients, in terms of management practices were he factors mentioned above...
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