Skincare firm Shine Ltd. had acquired a 80 % stake in two dermatology centers based in Dubai and Sharjah to expand its presence in the United Arab Emirates thereby increasing its profitability and overseas turnover. This acquisition has strengthened the company's network of clinics in the UAE region and added a new set of customers to its existing base in the region by becoming the first Indian company in this space to do the same. On the basis of the given information about Skincare firm Shine Ltd. answer the following question
Identify and explain the main benefits of understanding the business environment discussed in the above case by quoting the relevant lines.
Answers
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Skin care specialist Kaya Ltd acquires 75% stake in two UAE firms
By BS B2B Bureau | Mumbai | Last Updated at September 12 2016 12:55 IST
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Kaya Limited, the provider of specialty skin care solution, has acquired 75 percent stake in two skin and body care firms located in UAE. “Kaya Middle East, DMCC, a foreign subsidiary of Kaya Limited has entered into an agreement dated September 8, 2016 for acquiring 75 percent beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah. However, the agreement will become effective on fulfilling of certain conditions precedent and obtaining the requisite statutory approvals, which will take approximately 4 months,” said Kaya Ltd in a BSE filing on September 9, 2016.
The above said entities carry out business
Answer:
(i) It helps to identify opportunities and getting the first mover advantage instead of losing them to the competitors.
(ii) It helps to identify threats on time which serves as an early warning signal.
(iii) It helps in tapping useful resources so that it can convert them into output that the environment desires.
Explanation:
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