How does serving a niche help organizations survive? What will ...

[rmenurse]

How does serving a niche help organizations survive?
 
  What will be an ideal response?

Question 2

__________ are judgments about what is intrinsically important or meaningful.
 
  a. Attitudes
  b. Ethics
  c. Morals
  d. Values

[sailorcrescent]

Answer to Question 1

Organizations not only face threats from the environment and their own inertia, they also must survive in an arena with competition. The competition may be different for each type of organization, but all organizations must compete for resources within their environment. Organizations that survive have often successfully identified and fulfilled a niche (a distinct segment of a market or social process) for which the organization's services or products are in demand. Though there is still competition from other similar organizations, an organization that is effective at servicing a niche usually survives.

Answer to Question 2

d