Management MGT 380 Study Guide - Final Guide: Net Present Value, Pharmaceutical Industry, Role Conflict
Document Summary
What businesses should the corporation be in: 2. Administrative costs of the firm have fallen compared to transactions costs of markets due to: Improvements in management: accounting systems, decision science, organizational structures: but: trend has reversed since 1980. Emphasis on entrepreneurial management: we don"t give away our trade secretes but our goal is to try to help each other without hurting ourselves , had managers often switch between divisions, coordination vs. ): foreclose competitors like coke from access to. 2002: kfc, taco bell, pizza hut, spectacular success with spin off, more focused and faster decision making in the highly competitive restaurant business, later, yum! Brands china spun off for faster growth in a focused market: yum! Focused on generating concentrated efficiencies under a single brand, sometimes placing two or three brands into a single restaurant, sales have increased considerably, though still less than at mcdonalds: yum!
