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Responsibility for Business Failures

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Agree or Disagree: "I think managers are responsible for the failure of business firms." Please explain with specific examples. Why is the strategic control exercised by a firm's strategic leaders important for long-term competitiveness? How do strategic controls differ from financial controls?

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This solution describes the responsibility of managers for business failures.

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I agree with the statement that managers are responsible for the failure of business firms, due to the fact that managers make the strategic decisions as to how these firms will operate, which makes the managers responsible for the ...

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  • Criminal Justice, Elizabeth City State University
  • Master of Public Administration, North Carolina Central University
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