The Threat of Substitutes Is Held Constant in Porter's Five

question 21

True/False

The threat of substitutes is held constant in Porter's five forces model.

Recognize the long-term environmental impacts of global stratification and development practices.

Understand the dynamics and consequences of global economic strategies such as outsourcing and the international division of labor.

Explain the causes and consequences of world poverty, considering various factors such as the international division of labor, education, gender inequality, and racial inequality.

Understand fundamental concepts of Piaget’s theory including object permanence and theory of mind.

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Definitions:

Codes of Conduct

Written guidelines designed to set out acceptable behaviors for members of a particular group, organization, or profession.

Ethical Behavior

Conduct that is in accordance with accepted principles of right and wrong governing the conduct of a profession.

Bad Barrel

A metaphor implying that systemic issues within an organization or environment lead to unethical behaviour or corruption, not just individual 'bad apples'.

Corporate Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business organization.