Question

In: Economics

We live in a complex and sophisticated world where competitiveness and sustainability have become critical issues...

We live in a complex and sophisticated world where competitiveness and sustainability have become critical issues and are a priority among the agendas of private and public organizations. How the organization today’s address these issues? Discuss.  


Solutions

Expert Solution

Today's World is full of challenges and competitions.So the Public and Private organisations address the issues in the following ways----

1) Focus on quality-----The quality of the products and services must be assured under strict supervision.

2) Joint Ventures-----In order to avoid competitions, the organisations join hands with other organisation mutually so that they can reap the benefits of capital.

3) Proper Control----- Proper controlling in the Organisation must be done to grow and avoid competitions.

4) Proper Planning---- It is important to properly plan and also execute their strategies.

Thus, in the following ways Public and Private Organisations try to address and tackle the problems of Sustainability and Competitiveness.


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