1. Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing. The two major ways to grow a company is through inorganic growth which involves mergers and takeovers and organic which is increasing the turnover of the existing company. An example of inorganic growth was Bibby Line Group 's acquisition of Garic Ltd in 2008.
1. How does horizontal growth differ from vertical growth as a corporate strategy? From concentric diversification? In simple words, horizontal growth is the expansion of a company into adjacent markets. A famous example of such a company is Amazon.
Factors such as labor specialization, technology, growth of urban centers, new roads, and the development of collective enterprises differentiated the time period from the Early Middle Ages. Population growth was a factor in the increasing specialization of labor, which included professions such as blacksmiths and miners. Specialization in commercial crops also existed in southern Italy including Sicily and Calabria. The development of new forms of technology also impacted the economy of High Middle Ages. Jordan notes that “the widespread diffusion of the technology was made possible only by the millennial revolution in iron production” Increased iron production was instrumental for cutting down the forests and plowing the fields of Europe.
P&G has changed their strategy to a large extent. They went from a company that was focused on brand management to a company that focuses on category management. Instead of relying completely on branding, they decided to concentrate on customer satisfaction to drive sales by restructuring SKU 's that were tailored to customer 's needs. The shift from buyers to category managers positioned P&G to identify higher selling products in each category and maximize revenue generation by demonstrating to the retailer 's that P&G brands generated more profit per unit of shelf space compared to other products in the same category. The Sale of the CRP system to IBM was a major strategic move by P&G to standardize the industry as a whole, which in turn allowed P&G and its customers to improve internal processes and
The exact concept of Capitalism, the economic system that is based on investment for profits, has been an endless controversial issue. Nonetheless, Capitalism firstly emerged around sixteenth century when the colonialism is regarded as a predominant ideology. The trade with the colonies made the earliest kind of capitalism- Merchant capitalist, which is mainly focused on moving goods to another market in order to seek the profit. However, the society as a whole was not influenced by this kind of capitalism and there was an only slight change in an economic growth. The significant economic growth in Western Europe was started from an approximately eighteenth century when the industrialisation and technological change first appeared there.
Industrial revolution is causation of urbanization and colonial expansion, which lead to many changes in the European society. Along with the industrial revolution, a large number of factories were build attracted a huge amount of workers. In addition, technology increases efficiency of both industrial and agricultural works. In an industrial economy, proportion of agricultural contribution did not dominate in the total production 's as before; therefore, there was a requirement in mobilizing and redeploying labor from agricultural to non-agricultural works (Eric 1996, 64). Many people changed their work from agricultural to non-agricultural tasks moved to industrial regions and lead to mass migrations within a country.
The American pre-Civil War years were between 1820 and 1860 and is a pivotal time for the American economy. It was a shift from an agricultural economy to one based on wages and salaries in exchange for services and products. El Whitney invented and patented the cotton gin (a machine that removes seeds from the cotton fiber)- this created a boom in cotton production that impacted the way clothing was made. America urbanized and people moved away from farms and to the cities. The Irish and Germans flooded to cities, creating a middle class that became the driving force behind new movements; to eliminate prostitution, reduce alcohol consumption, improve prisons, asylums and education and banning slavery.
In “Immigration by Decade”, the table shows that from 1861-1910 the total amount of immigrants in America increased from 2.3 million to 8.8 million. This influx of immigrants were able to work quickly after arriving because all of these big industries needed a lot of labor workers. This led to success for many businesses in America. In opposition to this, this influx of immigration did bring negatives with them. All of these immigrants going to the same urban areas led to cities being very over crowded.
In 2015, their purchasing power increased at an annual growth rate of 7,5% which was more than twice as fast as the growth for the overall American purchasing power. And these numbers are expected to grow as it is estimated that the purchasing power of Hispanics would represent nearly two trillion dollars by 2019. Hispanics are not only influencing the American economy with their purchasing power, today there are more than 4 million Hispanic owned businesses throughout the United States. According the Unites States Hispanic Chamber of Commerce, Hispanics entrepreneurs have been starting businesses at a pace 15 times the national average over the last decade and this despite the recession. Their businesses contributed over 600 billion dollars in revenue to the national economy in 2015.
In turn, railroad companies spent large sums of money purchasing railroad supplies. The cycle of employing large numbers of workers, building the railroads, and spending large sums of money stimulated extraordinary growth in the economy. In addition, railroads caused the remarkable growth of nationwide marketing in America in the late 19th century. Railroads allowed mail-order service to reach most consumers living in rural regions of America. The extended market increased the demand for previously difficult to obtain or unavailable goods to