radeoffs (pros and cons) between an internal and an external growth strategy
A tradeoff is a decision-making process requiring a business to decide on a property, product, quantity, or quality or incur a cost to gain in other areas. Tradeoffs are usually applied during the internal and external growth of a business. The pros of trading off are that it gives the company a chance to do away with operations that are making it lose money internally and allows growing its product. The cons are that, if rushed, it may lose markets. For example, a company may lose its image on corporate social responsibility by adopting expensive production techniques other than using cheap, locally available labor.
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