As owner of a local, independent supermarket, explain how you would evaluate the firm’s strategy.
Answer to relevant QuestionsUnder what conditions are corrective actions not required in the strategy-evaluation process? Do you believe strategic management should be more visible or hidden as a process in a firm? Explain. Give an example of “consonance” other than the one provided by Rumelt in the chapter. How could a strategist’s attitude toward social responsibility affect a firm’s strategy? On a 1 to 10 scale ranging from Nader’s view to Friedman’s view, what is your attitude toward social responsibility? If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If no, how would you ensure that your employees were following ethical business standards?
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