Final answer:
Being a double-edged sword, size can be an advantage or disadvantage for a corporation. Large corporations have the ability to attract financial capital and top talent, while small corporations have flexibility and lower operating costs.
Step-by-step explanation:
The statement that size is like a double-edged sword for a corporation, meaning it can be a pro as well as a con, is true. There are advantages and disadvantages to both small and large corporations.
Advantages of a large corporation include:
- Ability to attract financial capital more easily
- Ease in attracting top talent to the organization
- Ability to hire professionals to represent or work for the corporation
On the other hand, there are also advantages to being a small corporation. Some of these advantages include:
- Flexibility in making decisions and implementing changes quickly
- Ability to build strong relationships with customers through personalized service
- Lower operating costs and overhead expenses
In summary, while size can provide certain benefits for a corporation, it also comes with its own set of challenges and limitations. Companies should carefully assess their specific needs and objectives to determine the most effective size for their organization.