Give two examples of staffing strengths and weaknesses of an organization with which you are familiar.
Answer to relevant QuestionsWould you ever pay out dividends when your firm’s annual net profit is negative? Why? What effect could this have on a firm’s strategies? Why do you believe cultural products affect all the functions of business? In the Joy’s Daycare BE example in the chapter, how would a $1,000 annual advertising expenditure impact the business break-even point? If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider? How does strategy formulation differ for a small versus large organization? How does it differ for a for-profit versus a nonprofit organization?
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