Philips a company manufacturing light bulbs incurred heavy expenditure...
A) Coordination between various departments are lacking here.
b) Unity of command is overlooked by the management. Unity of command means that one employee should receive order from one boss only, if it is not so then it will create chaos and conflicts.
c) The company should follow Unity of Command and Unity of Direction, Unity of Direction states that each unit of organisation should work towards accomplishment of common organisational objective.
Philips a company manufacturing light bulbs incurred heavy expenditure...
1) Dimension of the business environment: Technological environment.
2) Importance of the business environment: The technological environment plays a crucial role in shaping the growth and profitability of a company. In the given scenario, Philips invested heavily in scientific research and development, which led to the discovery of a new technology that enabled the production of energy-efficient light bulbs that last longer than standard bulbs. This breakthrough helped the company gain a competitive advantage in the market and attract a larger customer base. By quoting the lines, "it resulted in growth and profitability of the company," we can infer that the technological environment had a significant impact on the success of Philips. Therefore, it is essential for companies to stay abreast of technological advancements and invest in research and development to remain competitive and achieve sustained growth.
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