Centralization in a company makes sure that there is one unit of command that avoids confusion of orders. The problem comes when that one unit of command is not available and nobody knows what to do next. Decentralization helps the company to have each department operating in autonomy and in its best focus.
leads to wast ages of resources e.g money, that is due to company use of various advertisemnt process they find that they use different ways e.g. email, TV advertisement e.t.c
The best way that a company can create a competitive advantage would be to differ in what services they provide compared to similar companies. This gives them an edge and will draw in more customers by having this advantage.
The disadvantage of Loss Leader is that if a company will lower their prices for a certain time and raise their prices again, the customers will not be comfortable with the increase in the price and so they will start buying for the competitor and not buy any more products from the shop/company/business!!! This is the best disadvantage of a Loss Leader you can get.....i am the most clever person in the world!!!!....joke
An advantage of quality control is that each product or service is consistent and the customer or consumer can count on it as a company. In a company, a lot of money is spent ensuring quality control.
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The primary benefits of a centralized purchasing function are cost-savings and standardization of the product or service purchased. The downside of centralized purchasing is the lack of control or choice by the end-user. If an end-user does not adequately communicate requirements (for example, quality and delivery) of a purchase to the centralized purchaser then there can be suboptimal results.
In economics, centralization involves allocating someone (or a company) to be wholly responsible for certain tasks. For example, allocation of bread in centralized economies. Decentralisation is taking power away from the person/company who is supposed to perform these tasks, and allowing free-market economies to form.
Advantage: Increased job creation, transfer of technology and skills, boost to local economy through investments and taxes. Disadvantage: Potential exploitation of local labor, environmental degradation, competition for local businesses, and dependence on the multinational corporation.
Perhaps the most significant advantage of raising capital in a company is to fuel the company's growth. Perhaps the most significant disadvantage of raising outside capital is dilution of ownership.
Decentralization is advantageous in that it allows a company to simplify expansion, delegate and divide responsibilities among departments, and improve diversity and product emphasis. Drawbacks of decentralization include a lack of uniformity in company policies, higher finance costs, internal conflicts and ownership's loss of authority.
One advantage to working in a big company is the fact that your training will be great. A disadvantage to working in a big company is the fact that you will have to work extra hard to make an impression.
One disadvantage to owning a private company is the fact that financing the business may be difficult. An advantage to owning a private company is the fact that you are in control of your business decisions.
The disadvantage of the capital structure decision is that it is very complex and expensive. The advantage is that it leads to more company profits.
Centralization in a management sense is when all of the decision making is done by few individuals, usually the people in the top management positions. This could be implemented by requiring that all decisions go through the company president, for an example.
Company has someone to work for them meaning less stress/pressure on them to do all the jobs. . .at the same time you are earning a living. . . anything else . . ?
organizational behavior paper topic?
One advantage to having a business strategy is knowing what direction your company is headed. A disadvantage to having a business strategy is the fact that your strategy could be wrong for the industry.