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business strategies are influenced by human resource strategies as well as
having influence on them. Thus, the process of achieving vertical integration is a little like trying to
decide which comes first ,the theoretical approach suggests drawing up a
matrix where each of the elements of human resource management (structure, resourcing, human
resource development, performance management, reward and employee relations) are matched
against each business strategy in order to identify which of the human resource strategies are
associated which various elements of business strategy. In reality, business strategies might not be so
clearly defined or may be 'emerging',
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TaigaVertical integration is not easy to accomplish because it involves the merging or acquisition of companies in different stages of the supply chain. This requires significant financial resources and managerial expertise to successfully integrate and manage multiple business functions. Additionally, vertical integration can also lead to increased complexity and risk, as companies may face challenges in coordinating different operations and adapting to different industry dynamics.
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What is forward integration and backward integration?
Forward integrationBackward integrationA business strategy that involves a form of vertical integration whereby activities are expanded to include control of the direct distribution of its productsA form of vertical integration that involves the purchase of suppliers in order to reduce dependency.
What is an example for vertical integration would be?
Vertical intergration is where a company moves down the chain of distribution for example Thomas Cook is a tour operator and then it became a travel agents as well
Vertical horizontal integration?
Determine the primary benefits that might be sought by consumers of the following products (a) Tooth paste
What does it mean when something is described as easy peasy?
Something that is described as "easy peasy" is something that is very easy to accomplish. For example, some might think it's "easy peasy" to do 10 pushups.
What is the difference between vertical coordination and vertical integration?
Vertical coordination: The process of ensuring that each successive stage in the production, processing, and marketing of a product is appropriately managed and interrelated to the next, so that decisions about what to produce, and how much, are communicated as efficiently as possible from the consumer to the producer. Agricultural economists believe that vertical coordination of markets is particularly important in the food industry because of its complexity, the large number of firms that participate in one or more stages, and the relative perishability of the products involved. Vertical integration is a type of vertical coordination, but the latter does not necessarily require that a single organization own or control all of the stages. For example, the use of contracts and marketing agreements between buyers and sellers, and the availability of timely, accurate price and other market information are methods for achieving vertical coordination.
