Businesses generally don't expand for the purpose of employing more people. But you probably meant to ask what the benefits and drawbacks are of having a bigger staff as a result of a need from a growing business.
Advantage: increased productivity.
Disadvantages: increased costs and liability.
Command staff
Growth leads to increased profit, expanding a business will allow it to produce a wide range of products, create a brand name for itself and sustain a position in the market.Also when a business is large it can enjoy economies of scale which will help the business to cut down its cost of production. - Aditta
A company is said to have strategic goals if in fact it creates business or change of business. Here is one example. A company like Pepsi Cola, retains its customer base in cola sales, however, develops a new policy that is geared to expanding its business base by deciding to compete in non-cola beverages. This new policy can be said to be a new strategy.
The business case outlines the project and why it's valuable to the cosmetic company, and is the starting point for creating the SOW The SOW explains the market demand the new moisturizers will fill and how this aligns to the company's strategic plan of expanding its product line The SOW gives a high-level description of the characteristics of the new moisturizers, and this will become a crucial element of the project charter
The Small Business Administration offers a Mentor or Counselor program for new and expanding businesses. These include SCORE Mentors, Small Business Development Centers, WomenÕóë¢ÕŠëÑÕŠëés Business Centers, and the like.
There are many advantages and disadvantages when you hear Cambodia joining Asian. The advantages are expanding free trade and communications technology. While the disadvantages are a slight chance of the economics not working out.
Advantages of a horizontal filing system include easy access to files, efficient use of space, and better organization of documents. However, disadvantages may include limited storage capacity, difficulties in maintaining file integrity, and challenges in expanding the system.
well the other kids might feel left out or as if they are feeling replaced, but the good thing is that you have another family member and in the long run, that will help.
Expanding materials can put additional stress on a building.
The process of expanding business opportunities through additional market potential of an existing product. Diversification may be achieved by entering into additional markets and/or pricing strategies.
The disadvantage was that Greece's soil was unable to house and feed its expanding population. The advantage was that this was the cause of emigration of Greeks to better places, leading to the establishment of many Greek colonies in Asia Minor and southern Italy. This again facilitated the spread of Hellenism.
i dnt know can you help me but the advantages are Primark has changed over the years because their stores have been expanding over the years.
When looking to decrease inflation, and the real GDP level is above full employment.
Some disadvantages of stone houses include higher construction costs, difficulty in modifying or expanding the structure, potential for moisture problems if not properly sealed, and limited availability of skilled stonemasons for repairs.
Expanding our educational programming will necessitate the hiring of additional teachers. A shortage of available fresh produce will necessitate a price increase at the grocery store.
There are many jobs in marine Biology available. The number is constantly expanding because of the issue of the plummeting number of commercial fishes left caused by the world's overfishing problem.
There are many jobs in marine Biology available. The number is constantly expanding because of the issue of the plummeting number of commercial fishes left caused by the world's overfishing problem.