1.6 Growth and Evolution

Economies and diseconomies of scale 

The merits of small versus large organizations

The difference between internal and external growth

The following external growth methods:

• mergers and acquisitions (M&As) and takeovers

• joint ventures

• strategic alliances

• franchising

The role and impact of globalization on the growth and evolution of businesses

Reasons for the growth of multinational companies (MNCs)

The impact of MNCs on the host countries