Specific example of well-known social business

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An organization is formed by a person or a group of people to create value for the stakeholders by offering products or providing services that meet their unfulfilled needs. Daft (2016) identified five (5) factors that may increase the values created by an organization through the joint action of people.

Increase specialization and the division of labour.

Use large-scale technologies.

Manage external environment.

Economize on transaction costs.

Exert power and control.

Briefly Explain this Daft's idea and a specific example of a well-known social business.

Reference no: EM133337037

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