Turn fragmented industry into consolidated industry

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1. Directions: Pick one of Henry Fayol’s 14 universal principles of management. Research, evaluate, and present an in-depth description of the principle in a properly-formatted APA Word document. Provide an example of how you can, or have seen, this principle applied in the workplace. Your essay should be no more than 550 words.

2. Why are industries fragmented? What are the primary ways in which companies can turn a fragmented industry into a consolidated industry?

3. Why do some organizations promote from within, whereas others rely on outside hiring? What are the benefits and pitfalls of each approach?

Reference no: EM132224848

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