Theory of Business
The article, The Theory of Business, is about how businesses find their own theory of the business. What is theory of business? A theory of business has three parts. The first part of theory of business is the assumptions about the about the environment of the organization which are the society and the structure, the market, the customer and the technology. The second part is the assumptions about the specific mission of the organization. The third part is the assumptions about the core competencies needed to accomplish the organization’s mission. Also there are 4 specifications of valid theories of the business. The first is the assumptions about environment, mission, and core competencies must fit reality. Second the assumption in all there areas have to fit one another. Third the theory of business must be known and understood throughout the organization. Fourth the theory of business has to be tested constantly. Businesses have their own theories and depending on what it is determine if their business is going to last for a long time or not. Their theories depend on their customers. How are the customers going to respond to the business? I feel that customers make 90% of your business because if you don’t have a . . .
With that program I had to type everything out to open a program. His theory of business was creating a program called Windows where everything is there for you at a push of a button. There are four specifications of a valid theory of business. When I had a computer, the system I had on it was MS-DOS. The theory of the business must be known and understood throughout the organization. It took him hard work and thinking but he developed something that was valid. Third the theory of business must be known and understood throughout the organization. Second the assumption in all there areas have to fit one another. Bill Gates had a successful theory of business that would last him a long time. One successful business theory I want to focus on is Windows. The environment can benefit from the product, the mission was successful, and the core competencies was identifiable, the design came out good and now that it’s developed it is needed all over the world on computers. When Windows first came out it was probably difficult at first but then became really easy. Let’s say I was a customer around the year 1994. MS-DOS was a very slow program and having to type everything out just to open one program was very complicating. And last the theory of business has to be tested constantly.
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