Question

A company manufacturing sewing machines set up in 1945by the British promoters follows formal organisation culturein totality. It is facing lot of problems in delays in decisionmaking.As the result it is not able to adapt to changing businessenvironment. The work force is also not motivated since theycannot vent their grievances except through formal channels,which involve red tape. Employee turnover is high. Its marketshare is also declining due to changed circumstances andbusiness environment.QuestionsYou are to advise the company with regard to change it shouldbring about in its organisation structure to overcome theproblems faced by it. Give reasons in terms of benefits it willderive from the changes suggested by you. In which sectorscan the company diversify keeping in mind the decliningmarket for the product the company is manufacturing?

Answer 1

Answer:

The business legal environment plays a very important role in determining the success of any businesses around the globe. The government taxes that are being imposed among other regulatory measures help to promote economic growth and to protect consumers from exploitation and other illegal factors.