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Business strategy
Factors that determine business success
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[QUOTE="funmi, post: 218330, member: 38880"] There are somany factors that can make a business to be successful, a simple factor such as business location can determine the level of success a business will enjoy. I took time some few minutes to take look at the richest man in Africa in person of Dangote he located almost all his business here in the southern parts of Nigeria. This is because the man must have done a very good study on the importance and advantages he stands to get if he sights his factory here in Nigeria. Amazingly the man and his family are from the northern part of Nigeria. And yet he did not situate his business there because of the enormous advantage he stands to gain from the southern parts. Here is far peaceful then the northern parts interns of insurgency and religious crisis, and here the topography of the land and the natural resources and human resource he can get here will be more advantageous as compared to where he came from in the north. He has a more broader market here in the south. Again ones knowledge on the business you are running will be a determinant, lastly capital also.determines the success rate. [/QUOTE]
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