What Are the Unintended Consequence of Long-Established "Industry Recipes

question 38

Multiple Choice

What are the unintended consequence of long-established "industry recipes"?

• A)Top managers' understanding of their industry tends to fossilize, so they cannot imagine reconfiguring the industry with new products or new ways of doing business
• B)They have no side effects at all
• C)They can lead mature executives to take large risks because they are rejuvenating while having mid-life crises
• D)They can foster radical innovation

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Definitions:

Slippery Slope Fallacy

A logical fallacy that asserts without sufficient evidence that a relatively small first action leads inevitably to a chain of related (negative) events.

Predicted Outcome

A predicted outcome is the expected result of an experiment or model, often based on theoretical insight or previous data.

Hasty Generalization

A fallacy in which a conclusion is not logically justified by sufficient or unbiased evidence.

Composition

The act of combining parts or elements to form a whole; in logic, the fallacy of assuming that what is true of the part is true for the whole.