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Running head: PROBLEM SOLUTION: GENEONE
Problem Solution: Gene One
Roy Carter
University of Phoenix
April 23, 2007
Problem Solution: Gene One
Does there exist a common definition of success pertaining to all aspects of business? Success is commonly comprehended as the converse of failure. Pervasive definitions of success include attainment of objectives or acquiring higher levels of social-economic status. Success, when referring to businesses, is chiefly defined as a unit of measure. Examples include churches increasing membership, or a business increasing its stock value. Sporadically, success is also distinctive and measured against personal ambitions for which lateral movements could be considered an example.
Success is a challenge that is frequently confronted by organizations. Success is not typically associated with inheritance, which means that it must be earned because it can not be given. There exist 3 routes that organizations subsequently take attempting to reach success while only 1 route leads to success. The first route is determined by declining numbers, stock value, or efficiency. The second route is determined by stagnant numbers, stock value, or efficiency because of the continuing increase of external factors such as inflation. The third route determines increasing numbers, stock value, or efficiency and is the only path that lead to success.
Economics, which plays a key role in success, is defined as the relationship between supply and demand. Typically when there is a high demand it results in a low supply. When there is a high supply, it results in lower demand. Gene One is a prime example of this economic relationship. Gene O ...