Reply Essay Example | Topics and Well Written Essays - 250 words - 1

Reply - Essay Example In fact, firms and museums usually experience mismanagement of their resources, which mostly leads to collapse of the organizations. Apart from competing for limited resources, both institutions always aim at making profits. In this case, both the firm and museums tend to utilize monetary and natural resources in ensuring that their businesses make profit. The fact that both institutions aim at making profit, it therefore means that they are always attracting new clients hence depending on them for survival. Without visitors and clients, both institutions remain non-operational. The visitors in this case help in granting funding and operations in both institutions. In simple terms, firms and museums always strive to survive in their markets. In fact, innovations remain important to both institutions. Additionally, both institutions have various laws and constitutions which tend to govern them during their operations. To achieve their objectives, both institutions always have specific management types. Lastly, both institutions also have various cultures, which help in attracting their niche customers. In fact, th eir cultures help in allowing both institutions in making valuable profits hence meeting their client’s