Firestone's Failure to Warn of the Dangers Involving the Tires

question 26

Multiple Choice

Firestone's failure to warn of the dangers involving the tires sold on Ford Explorer sport utility vehicles is an example illustrating

• A)bureaucratic rigidity.
• B)centralization of control in the economy.
• C)concerns about corporate accountability.
• D)bureaucratic inefficiency.
• E)Parkinson's Law.

---

Definitions:

Strategy Outsourcing

The practice of delegating a company's business strategy or operational tasks to external specialists to capitalize on efficiencies, reduce costs, or improve focus on core competencies.

Strategic Analysis

A comprehensive evaluation process of an organization's strategic position, identifying strengths, weaknesses, opportunities, and threats.

Functional Strategy

A specific, action-oriented plan or set of actions designed to achieve a set objective within a function of an organization, such as marketing, finance, or production.

Business Strategy

A plan crafted by businesses to achieve specific goals and objectives, outlining the methods and steps to compete in the market.