Cartels Tend to Collapse and Lose Their Power for Three

question 61

Essay

Cartels tend to collapse and lose their power for three reasons. List these reasons and briefly explain why each of them causes cartels to collapse.

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Definitions:

Profit Motive

is the primary incentive for businesses to operate, focusing on generating financial gain as the main objective of their activities.

Personalized Charismatics

Leaders who possess an innate charm and appeal that inspire loyalty and enthusiasm, often blending personal qualities with leadership abilities.

Adaptive Leaders

Leaders who are able to adjust their leadership style and strategies to meet the changing needs of their organization and workforce.

Servant Leaders

Leadership philosophy focused on serving others first, where the leader's primary goal is to enhance the growth and wellbeing of individuals and the organization.