There are many reasons why global enterprises are considered to be superior to other business organisations. They have a global reach, which allows them to tap into a larger pool of resources and customers. They are also better organised, with clear hierarchies and well-defined roles. This leads to better decision-making and faster execution. Lastly, global enterprises have a strong focus on innovation, which allows them to stay ahead of the curve and remain competitive.
Table of Contents
Class 11 Business Studies Chapter 3 | Global Enterprises – Private, Public and Global Enterprises
1. The global reach of enterprises
Large, global enterprises have the potential to create more value for their customers and shareholders than smaller businesses. They can span many different countries, and can pool resources and expertise to create innovative new products and services. They can also offer their employees greater job security, better compensation, and greater opportunities for promotion.
They have the financial resources to invest in new technologies and products
Large enterprises can afford to research and develop new products and services. They can also afford to invest in new technologies, which can improve their efficiency and productivity. This enables them to offer their customers more innovative products and services.
2. The economies of scale of enterprises
The economies of scale of enterprises allow them to produce goods or services at a lower cost than smaller businesses. This allows them to compete more effectively in the marketplace and to earn a larger share of the market.
Another reason why global enterprises are considered superior to other business organisations is their ability to tap into a wider range of markets. This allows them to sell their products and services to a wider range of customers, which in turn leads to increased profits.
Lastly, global enterprises are generally better resourced than smaller businesses. This means that they are able to attract and hire better employees, invest in more sophisticated technology, and carry out more complex projects. All of these factors help them to compete more effectively in the marketplace.
3. The financial resources of enterprises
Global enterprises are considered superior to other business organisation because they can access a much wider range of financial resources than smaller businesses. For example, large enterprises can access capital from banks, investors and other financial institutions, which allows them to start new businesses, expand their operations, and invest in new technologies. They also have the financial resources to pay for expensive equipment and supplies, and to make large payouts to shareholders.
Another advantage of being a global enterprise is that you can tap into a wider range of markets. For example, a global enterprise can sell its products in many different countries, which gives it a greater opportunity to reach customers and make money. Moreover, a global enterprise can access new customers and markets by partnering with other businesses.
Finally, global enterprises are typically better organized than smaller businesses. This is because they have more resources and expertise, and they are able to use these resources to create a more efficient and effective business.
4. The human resources of enterprises
There are many advantages to global enterprises. For starters, they have a large pool of talented employees from which to draw upon. This is due to the fact that most global enterprises are multinationals, meaning that they operate in many different countries. This means that they can find the employees with the skills they need and tap into a large talent pool. Additionally, global enterprises are typically well-funded, which allows them to offer competitive salaries and benefits. This is especially important in today’s market, where employees are increasingly demanding better compensation.
Another advantage of global enterprises is their scale. This means that they are able to carry out larger projects and achieve more success than smaller businesses. Their size also allows them to compete better in the marketplace, as they can afford to spend more money on advertising and marketing. Finally, global enterprises are often leaders in their respective industries, which gives them an edge in the market.
5. The technological resources of enterprises
When considering the superiority of global enterprises, one key factor is their technological resources. Enterprises have access to a much wider range of technology than smaller businesses, which allows them to improve their agility and competitiveness. They can also use technology to automate processes and make decisions more quickly, which can lead to increased efficiency and profits. Additionally, global enterprises are often more innovative than smaller businesses, as they can access a wider range of resources and ideas. This allows them to develop new products and services faster and improve their overall competitive edge.
Global enterprises are considered superior to other business organisation because they have a greater understanding of the global market and can provide better customer service to their customers. They also have a wider array of products and services available to them, which allows them to compete more effectively in the global market. Finally, global enterprises are typically more profitable than other business organisations, which allows them to reinvest more capital in their businesses and grow more rapidly.