Management- Strategic Management Chapter Four
The concept of social complexity suggests that .
Social and Business systems that work in one firm may be hard to imitate due to complex interactions between these systems
Time compression dis-economies occur when a firm .
Attempts to reach an outcome in a reduced amount of time
Cowgirl Boots, inexpensive leather boots for women, are selling at a record-high numbers. The CEO of the company, however cannot figure out why. Was it caused by the company's recent advertisement campaign or the newly reduced price of the boots or some other unknown factor? Based on this information, what concept describes the CEO's confusion regarding Cowgirl Boots' recent success?
Causal Ambiguity
An early decision in the development of a firm, such as where the firm is established, can eventually have a major influence on final outcomes. The effect is referred to as dependence.
Path
