Integration:
Integration in business meant to be getting acquired together different small functions into one large system function. Integration is combination of such smaller objectives into one for corporation, usually it bring together different system and merge it into one large function that easily connect corporation into one giant entity. It brings different functions of corporation like management, planning, implementation and etc,.
Integration deals with the challenges being faced by different function as one system and solves it with lesser difficulties. Integration is not as easy to achieve as it takes time and hard work to bring together all function and its working style. Integration let information shared amongst different departments and merges them within a single system.
Difference between forward and backward integration:
– Normally in forward integration company or organization will do merger with distributor where in backward integration company or organization will merger with either manufacturer or supplier
– Forward integration will let you have the vast share of market and it will be its main purpose and in backward integration it will let you have economies of scale
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