To What Extent Should a Firm Be Committed to a Particular

question 38

Essay

To what extent should a firm be committed to a particular strategy versus making frequent changes in the strategy?

---

Definitions:

Profits

The financial gain obtained when the revenue from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Misconduct

Improper or unethical behavior, often violating the rules or norms of a professional environment.

Liable

Obligated by law.

Employees

Individuals hired by an organization to perform work in exchange for compensation.