Author Question: What types of problems may a business face if it grows too quickly? What will be an ideal ... (Read 56 times)

leilurhhh

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What types of problems may a business face if it grows too quickly?
 
  What will be an ideal response?

Question 2

The HR department is responsible for facilitating the process of helping employees and managers to work effectively with people who are different from them.
 
  Indicate whether the statement is true or false



chjcharjto14

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Answer to Question 1

A business that grows too quickly may experience a number of problems. The company may experience a cash flow crisis if it spends most of its available cash on expansion and has difficulty meeting obligations to creditors. Employees are likely to experience stress from rapid changes. Accounting and information systems that worked well when the firm was smaller must be replaced with more complicated and sophisticated systems. Current personnel may not be capable of operating these systems, and information may not be available when it is needed. Finally, management may no longer be competent to manage a larger or more diverse portfolio of business units or product lines.

Answer to Question 2

TRUE



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