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Apparently the size of a firm is actually related to its scale of production. Scale of production entails the amount of factors of production used in the production process, the amount produced and the technique used in the process. Motivation by a firm's management board to expand the scale of operation is what may determine the prospect of earning higher profits and hence expand the business. A business management ought to be ready and willing to take risks. Increasing the size of an organization exposes it to even higher risks. But still a company's management must be willing to take such risks; that is if the firm what's to increase its scale of operation beyond a certain level. These will help maximum its growth and hence its size. Growth can easily be inhibited by a disorganized management board. Cooperation and commitment is therefore required among panel members to ensure fast and efficient decision making. Misunderstanding limits the organization's capacity to grow as its level of output is repressed. Enhancement of communication between the management and the workers is necessary for efficiency. Creation of effective communication betwixt the two speeds up the decision making process. The operations will therefore improve, leading to the high levels of production. Ineffective communication on the other hand may lead to rise of operating cost, creating a limit on the output and hence the size of the business. The policy makers of a business usually reserve the right to draft policies that facilitate the achievement of the firm's expansion objectives. They should then be effective planners who are able to anticipate any possible hindrance and thus sort them out accordingly. Stephen is an business management expert. He researches and studies on big and small business strategies . (Website-) Business Management Solutions for efficient business operations.
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management, business, business management, policy, expansion, production, risk, communication, cooperation, commitment, organizing, organization, operating cost, c,
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