IGCSE, A Level Business Student Forum

Posted: **Mon Nov 06, 2023 9:44 pm**

(KN) Inefficient Resource Allocation
(AN) A lack of effective management may result in poor resource allocation. This includes financial resources, human capital, and time management.
(AN+) In dynamic markets, where rapid decisions are crucial, inefficient resource allocation can lead to missed opportunities or wastage.

(KN) Ineffective Decision-Making
(AN) In dynamic markets, quick and well-informed decision-making is essential. Inadequate management may lead to delayed or poor decisions, causing the business to fall behind competitors or make costly mistakes.
(AN+) Effective decision-making requires a combination of market knowledge, strategic planning, and the ability to adapt to changing circumstances.

Posted: **Mon Nov 06, 2023 10:09 pm**

[KN] Lack of management results in poor decision making
[AN]A business might try to save finance but for that it may hire less qualified managers who make inefficient decisions which reduces productivity of the business
[AN] leading to low output

[KN]In dynamic markets customer preferences might keep changing
[AN]If a business does not update its products according to that then it may loose some customer to competitors
[AN] eventually sales may fall and result in decline

Posted: **Wed Nov 08, 2023 5:07 pm**

Abbas17 wrote: ↑Mon Nov 06, 2023 9:44 pm (KN) Inefficient Resource Allocation
(AN) A lack of effective management may result in poor resource allocation. This includes financial resources, human capital, and time management.
(AN+) In dynamic markets, where rapid decisions are crucial, inefficient resource allocation can lead to missed opportunities or wastage.

(KN) Ineffective Decision-Making
(AN) In dynamic markets, quick and well-informed decision-making is essential. Inadequate management may lead to delayed or poor decisions, causing the business to fall behind competitors or make costly mistakes.
(AN+) Effective decision-making requires a combination of market knowledge, strategic planning, and the ability to adapt to changing circumstances.

answer may or may not have been copied from someone else (It was copied)

IGCSE, A Level Business Student Forum

26 Analyse how lack of management & dynamic markets can lead towards a business failure. [6]

Re: 26 Analyse how lack of management & dynamic markets can lead towards a business failure. [6]

Re: 26 Analyse how lack of management & dynamic markets can lead towards a business failure. [6]

Re: 26 Analyse how lack of management & dynamic markets can lead towards a business failure. [6]