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(i) Well set-out objectives of the business to guide activities in the organization.
(ii) Committed/ qualified/ experienced owners who are able to make sound decisions and provide resources.
(iii) Proper human resource management.
(iv) Well laid down business structure allows proper flow of instructions and team work within the organization.
(v) Adequate financial/ proper finance management allows acquisition of assets/ stock/ expansion of business.
(vi) Adequate physical resources such as buildings,machines/ furniture.
(vii) Developed business culture with proper values.
maurice.mutuku answered the question on July 20, 2017 at 05:23
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