Question: What is the "boiled frog" phenomenon? How does it apply to business and, particularly, strategic management? Find a business example of a situation where this has occurred. What could the business have done to avoid the effects of the phenomenon?
Explain how to:
- Apply critical thinking skills to analyze business situations.
- Identify examples of good and bad business practices in the use of strategy design components.
- Recognize situations that present potential legal and ethical issues and develop solutions for those issues.