Economic Firms View

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  Archie Carroll business firms have four responsibilities: Economic, Legal, Ethical and discretionary.

• Relevance of a resource-based view to strategic management in a global environment?

  Achieving a SCA allows the firm to earn economic rents or above-average returns. In turn, this focuses attention on how firms achieve and sustain advantages.

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  286284 The view that the performance of firms can be 'path dependent' Critically discuss the view that the performance of firms can be 'path dependent'. Illustrate the answer with examples which support your analysis.

• Corporate Governance Mechanisms

  In their view, although the distress experienced by many dislocated workers was real, the subsequent economic recovery and high returns to capital over the past few years have vindicated these efforts.

• Economics (self interest, product diversity, and firms)

  In Smith's view when firms were forced to compete with one another (look out for their own self interest) they would have an incentive to reduce costs and improve efficiency which would lower costs for consumers.

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• Bankruptcy

  If the values of all discriminants are within the reliability interval limits, the firms' future economic developments can be qualified.