Classmates Review - Essay Example

As indicated, both the firm and the museum tend to experience incorrect resource utilization. Firms and museums usually experience mismanagement of their resources, which mostly leads to the 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 a profit. The fact that both institutions aim at making a profit, 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. 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. Their cultures help in allowing both institutions in making valuable profits hence meeting their client’s needs.