BUSINESS OPTIMIZATION AND CORRECTION: RECOMMENDATIONS FOR IDENTIFYING ATTRACTIVE AND HOPELESS

Abstract

Effective management is always accompanied by a desire for optimization and improvement. The influence of dynamically changing external factors determines the need for correction and justification of the most promising management decisions in the field of business. Since the most attractive characteristics of a business that are relevant to its current modern requirements are important for a client, the company needs a management policy in the area of the most sound economic policy to identify attractive and unpromising businesses. The object of this article is economic approaches and processes to identify areas of correction and optimization of business characteristics. The subject of the study is the economic relationship between seller and buyer regarding a mutually beneficial combination of interests of the parties.

Keywords

• effective business
• optimization and correction process
• competitiveness
• effective business strategies