Based on your experiences or what you have learned in your previous classes, are you familiar with any companies that used unethical practices to attract talented professionals? What do you feel were the short-term and long-term consequences of such practices?
Answer to relevant QuestionsExplain why the concept of competitive advantage is central to the study of strategic management. Can firms combine the generic strategies of overall cost leadership and differentiation? Why or why not? Can you think of a company that suffered ethical consequences as a result of an overemphasis on a cost leadership strategy? What do you think were the financial and nonfinancial implications? Time Warner is a firm that follows a strategy of related diversification. Evaluate its success (or lack thereof) with regard to how well it has: (1) built on core competencies, (2) shared infrastructures, and (3) increased ...Explain the two opposing forces—cost reduction and adaptation to local markets—that firms must deal with when they go global.
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