Developments after the global financial crisis moved the US away from being one of the most free-market economies in the world toward an economy with much more active and stronger government involvement (e. g., the “Patient Protection and Affordable Care Act,” commonly known as “Obama-care,” requires employers to spend more on health care, including smaller firms). What implications does this shift in the political and economic environment in the United States have for large firms (such as GE or IBM) versus small firms (mom and pop entrepreneurs and technology startups)? How does this change the competitive landscape and affect a firm’s strategy formulation and implementation?

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Recession aftereffects forced the government of US to involve itself more actively in ... View the full answer