Isidore Security Services Is a National Provider of Guard and Security

question 76

Multiple Choice

Isidore Security Services is a national provider of guard and security services for businesses. It has been in business for over 90 years,having been founded by one of Teddy Roosevelt's Rough Riders (Isidore O'Malley) . Lately it has been losing clients to more aggressive and innovative firms offering remote security monitoring systems instead of a guard-based approach. The board of directors of Isidore Security Services is concerned that this downward trend may threaten the existence of this venerable firm and the jobs of its employees.

• A)This is an example of an established firm neglecting the opportunity-seeking aspect of strategic entrepreneurship.
• B)This example shows the dysfunctional aspects of unrestricted entrepreneurialism.
• C)This is an example of the lack of human capital hampering internal innovation.
• D)Isidore Security Services is suffering from the "novelty effect" wherein new firms are more attractive to clients/customers merely because they are new and not because they add value.

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Definitions:

Exclusive Representation

A legal status in which a single labor union represents all employees in a bargaining unit in negotiations with the employer.

Competing Unions

A situation where two or more labor unions within the same workplace or industry vie for membership and representation rights.

Company Dominated Unions

Refers to labor unions that are unduly influenced or controlled by employers, which can undermine the union's effectiveness in representing workers' interests.

Closed Shop Agreements

Labor agreements requiring an employer to hire only workers who are already union members, effectively ensuring a unionized workforce.