The Boiling Frog Phenomenon explained
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What is the Boiled Frog Phenomenon, and how does it apply to business, especially in Strategic Management? ( explanation explained in detail with references)
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Solution Summary
The "boiled frog" phenomenon is based on the scientific study that shows how a frog, when placed in warm water will become comfortable and relax. If you place that frog in a pot of hot to boiling water it will immediately try to escape by jumping out.
How does it apply to business, specifically to strategic management?
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What is the Boiled Frog Phenomenon?
The "boiled frog" phenomenon is based on the scientific study that shows how a frog, when placed in warm water will become comfortable and relax. If you place that frog in a pot of hot to boiling water it will immediately try to escape by jumping out. The phenomenon occurs when you take the frog in the warm water who is comfortable and slowly increase the heat with a goal of reaching the boiling point. The frog, comfortable in its warm environment does not take notice of the increase in temperature and will sit idly by as its body is literally boiled to death (McGuinness, 2006).
How does it apply to business, specifically to strategic management?
The comparison of the "boiled frog" to business is commonly used because it is very representative of the place many company's find themselves in today, comfortably dying (Darwish, 2006). With the ever increasing demand for cheep products and a booming global economy, the traditional US manufacturing company is getting pummeled. Manufacturing, the backbone of the American economy, failed ...
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