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Managers need to have knowledge on several business which comes on discussion by managers or sub-ordinates very fast compare to individual disussion.

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Why should managers be acquainted with research and development?

Managers should be acquainted with research/development because development is how businesses survive, and research is required for this to happen. I'm the owner of several businesses, and I constantly am researching my competitors. I wouldn't be able to compete if I didn't understand my competition.


How are managers bonded to shareholders?

1. Shareholders determine the membership of the board of directors by voting. 2. Contracts with management and arrangements for compensation can be made so that management has an incentive to pursue shareholders' goals. 3. Fear of a takeover gives managers an incentive to take actions that will maximize stock prices 4. Competition in the managerial labour market may force managers to perform in the best interest of shareholders. Firm willing to pay the most will lure good managers.


What problems can Small and Medium Enterprises face to become global?

The main problem is that competition is rather high, and it is difficult to maintain high position on the market.


What impact does the diamond company monopoly have on the global diamond industry and market?

The diamond company monopoly can limit competition, control prices, and restrict supply in the global diamond industry and market. This can lead to higher prices for consumers and less innovation in the industry.


What must financial managers consider when operating in the global environment?

They need to keep in mind that things work differently in other countries. All o the American rules are not going to translate over.

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Basil Blackwell has written: 'The global challenge of innovation' -- subject(s): International Competition, International business enterprises, Technological innovations


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What is a kid friendly definition of challenge?

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Nokia motivates global managers to cooperate with each other and share their knowledge and expertise?

Nokia motivates global managers to cooperate with each other and share their knowledge and expertise?


Is global warming and global competition the same?

Global warming is the gradual change in climate as more and more greenhouse gases build up a layer in the atmosphere that stops the earth's heat escaping out to space. Global competition is the urge on the part of countries to be better than their neighbors.