Study Document
Strategic Management the Emergent Changes Thesis
Pages:1 (311 words)
Sources:1+
Subject:Business
Topic:Strategic Management
Document Type:Thesis
Document:#20606924
Economic agents who diversify their product and service offering stand increased chances of better appealing to their customers' needs and wants. In turn, a satisfied customer is a loyal customer that will provide the company with sustainable revenues. And aside from increasing the levels of satisfaction and loyalty of the already existent customer palette, diversification also increases the number of new customers by increasing the company's ability to serve new needs. In terms of resources, the most important ones are the staff members, who benefit from new challenges that reduce the routine on the job and increase their professional satisfaction as well, all to culminate with superior levels of product and service quality, and consequently, increased organizational revenues.
References:
Hitt, M.A., Ireland, R.D., Hoskisson, R.E., 2009, Strategic Management: Competitiveness and Globalization, Concepts and Cases, 8th Edition, South-Western, Cengage Learning
2009, Hoovers, http://hoovers.com last accessed on May…
Sample Source(s) Used
References:
Hitt, M.A., Ireland, R.D., Hoskisson, R.E., 2009, Strategic Management: Competitiveness and Globalization, Concepts and Cases, 8th Edition, South-Western, Cengage Learning
2009, Hoovers, http://hoovers.com last accessed on May 19, 2009
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