1. When a company is faced with a complicated problem, what should they do centralize or decentralize decision-making? Explain why.
2. According to Joseph Heath, some understand shareholder theory as “more realistic,” treating firms like self-interested individual market actors? What major issue(s)does this understanding miss? Why is this mistake important?
3. Select a local firm, and based on interactions with this company, determine which business-level strategy you think the firm is implementing. What evidence can you provide to support your opinion? Is the Internet affecting the firm’s strategic actions? If so, how?