Drucker says that the most important time to seriously reexamine the firm’s vision/mission is when the firm is very successful. What is this?
Answer to relevant QuestionsShould firms take stances on contentious social issues? Discuss. Governments worldwide are turning to “nationalization of companies” to cope with economic recession. What are the strategic implications of this trend for firms that compete with these nationalized firms? Explain why it is important for ratings in an EFE Matrix to be 1, 2, 3, or 4 for any opportunity or threat. Use Porter’s Five-Forces Model to evaluate competitiveness within the U.S. banking industry. Do you agree with I/O theorists that external factors are more important than internal factors in a firm achieving competitive advantage? Explain both your and their position.
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