assessment of TCS's past financing policies
Answers
Answer:
Supporting person
Explanation:
Answer:
The first and most important step for TCS was to form an early joint venture with DHL and take advantage of their systems to establish a first-mover advantage and the first entry barrier that would prevent other potential competitors to enter the market. They did well, in the beginning, to outsource their domestic air transportation to PIA as using their own airplanes at that point of time would have been too expensive without external financing.
Furthermore, Awan showed persistence during the negotiation and battle against the Pakistan post office to get the approval that restricted TCS to deliver business-related documents. Succeeding in getting permission was not only beneficial to the company’s own growth but also stimulated competition.
The brothers then went on to establish a major partnership when they closed the contract in 1985 with the Pakistan Banking council which signaled trust to the public and attracted first public attention that contributed to their positive image and was a founding stone of their success path.
Explanation:
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