What Is an Important Difference Between Small and Large Businesses

question 88

Multiple Choice

What is an important difference between small and large businesses in terms of alignment between organization and people strategies?

• A) Large businesses are constrained by existing internal processes; small businesses have less bureaucracy and can change faster.
• B) Large businesses have more strategy to align; small businesses keep it simple.
• C) Large businesses have more competitors; small businesses can keep a closer eye on fewer rivals.
• D) Large businesses have more overhead and constraints; small businesses are leaner and meaner.

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Definitions:

Plant Closure

The process of shutting down a manufacturing plant or facility, often leading to significant job losses and economic impacts on the local community.

NLRB

Stands for National Labor Relations Board, a US federal agency that enforces US labor law in relation to collective bargaining and unfair labor practices.

Mandatory Bargaining

A legal requirement for employers to negotiate with duly elected employee representatives on work conditions, pay, and other employment terms.

Contract Costing

A method used in accounting to track costs associated with a specific contract, often used in industries like construction where work is project-based.