Description
3 essays question
Explanation & Answer
Q3 and final
Q1. The theories of Porter, Drucker and Follett are relevant to the managers of small to mediumsized businesses.(SMEs).Porter uphold the theory of competitive advantage. In the theory, he
urges managers to take time, observe the environment of business and make the best out of it.
Accordingly, managers of SMEs should observe the forces in the environment and adjust their
operations to give them an edge over their competitors. For instance, to deal with rivalry, the
organizations could develop low cost and yet high quality products. In this way, it will attract
most customers.
Follett upholds employee cooperation and team work. In...
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