Question.3032 - MGT 380 Midterm: Short Answer & Essay1. Describe the original purpose of the Hawthorne studies and the basic findings. 2. Provide a real-world example (that has already occurred or could occur) of the s-curve pattern of innovation (old technology gives way to new technology). What is typical - in terms of performance - when a new technology is first introduced? 3. How is a disruptive innovation different from a sustaining innovation? Provide an example of each innovation to highlight the differentiation. 4. Consider the following scenario: Due to a series of mergers and buyouts, Big Entertainment Studies Inc. recently obtained rights to 80% of big-name films. Many video streaming services companies are complaining that Big Entertainment's monopolistic control of the movie industry will negatively influence their business models. A primary concern is the proposed increase in streaming fees - assessed by film companies to streaming firms each time a movie is streamed - by 100%. Video streaming giants Netflix and Amazon prime are also concerned that Big Entertainment will restrict content availability in favor of cable companies. If you were an entrepreneur interested in entering the video streaming market, which of Porter's Five Forces would be of primary concern considering the above scenario? Provide detailed rationale. 5. Describe bounded rationality as it relates to managerial decision-making. What is the relationship between bounded rationality and satisficing? 6. Consider the following scenario: Peter, a supply-chain manager at a large computer technology firm, is responsible for procurement of an important part in the top product his company manufactures. The company that won the most recent contract for supplying this critical part has a history of obtaining raw materials from companies with human rights violations. Peter was aware of this, but decided that it wasn't a significant problem for his company since his company nor the supplying company was unethically treating employees or stakeholders. Which ethical breakdown is this an example of? Provide rationale. What would be an effective deterrent of this kind of behavior in the future? 7. Describe shared value, the shareholder perspective and the stakeholder perspective. Which perspective (shareholder or stakeholder) aligns more closely to the idea of shared value? Provide detailed rationale. 8. Identify and describe each of the diversity paradigms from the article, "Making Differences Matter, which are also found in your textbook. Specify which level (surface or deep) of diversity each paradigm focuses on. Describe the "value" created by each of the paradigms (i.e. tell me the advantages to the company of applying a particular policy).
Answer Below:
Describe xxx original xxxxxxx of xxx Hawthorne xxxxxxx and xxx basic xxxxxxxxxxxxxxxxx Experiments xxxx a xxxxxx of xxxxxxxxxxx carried xxx in xxx rsquo x and xxxxx rsquo x at xxxxxxx Electric xxxxx s xxxxxxx by xxxxx Mayo x professor xx Industrial xxxxxxxxxx at xxxxxxx Business xxxxxx at xxxxxxxxx Chicago xxx original xxxxxxx was xx study xxx effects xx the xxxxxxxxxxxx because xx physical xxxxxxx conditions xxxxxxx the xxxxxxxxxxx increased xxx level xx lightning xxx a xxxxx of xxxxxxx in x particular xxxxx area xxxxx was xxxxx Experimental xxxxx and xxxx the xxxx unchanged xxx another xxxxx of xxxxxxx The xxxxxxxx was xxxx the xxxxxxxxxxxx of xxx Experimental xxxxx increased xx a xxxxxxxxxxx level xxxxxxxxxx further xxxxxxx were xxxx to xxx Experimental xxxxx in xxxxxxxxx ways xxxx changes xx working xxxxx giving xxxx breaks xxx every xxxx there xxx improvement xx the xxxxxxxxxxxx levels xx was xxxx obvious xxxx these xxxxxxxxxxxx could xxx be xxxxxxxxx only xx the xxxxxx in xxx working xxxxxxxxxx Hence xx was xxxxxxxxx by xxx researchers xxxx productivity xxx improved xxx to xxx simple xxxxxx that xxx workers xxxxxxx that xxxx were xxxxx paid xxxxxxxxx and xxxx active xxxxxxxxxxxxx was xxxxx in xxxxx workplace xxxxxxx a xxxxxxxxxx example xxxx has xxxxxxx occurred xx could xxxxx of xxx s-curve xxxxxxx of xxxxxxxxxx old xxxxxxxxxx gives xxx to xxx technology xxxx is xxxxxxx - xx terms xx performance x when x new xxxxxxxxxx is xxxxx introduced xxxxxxx concept xx utilized xx determination xx performance xxxxxxx to xxxxxx or xxxx They xxx essential xx order xx understand xxxxx one xx in xxxxxxxx to xxxx system xxx help xx determine xxx one xxxxx proceed xx relation xx innovation xxxxxxxx It xxxxx also xxxxxx to xxxxxxxxxx the xxxxxxx risks xxx how xx can xx avoided xx example xx a xxxxxxxxxx which xxx followed xxxx course xx the xxxxxx tube xxxxxxxxxx This xxx restricted xx the xxxx rsquo x size xxx the xxxxxxxxxxx of xxxxx of xxx heated xxxxxxxx These xxx factors xxxx natural xxxxxxxx to xxxxxxxxxx of xxxxxxxx in x vacuum xxxx These xxxxxxxxxxx could xxx be xxxxxxxx by xxxxxxxxxx engineers xxx arrival xx the xxxxxxxxxx or xxx solid-statetechnology xxxx allowed xxx conduction xx electron xx solid xxxxxxxx changed xxx physical xxxxxxxx of xxxxx and xxxx The xxx technology xxxx cycle xxx started xx transistor xxxxxxxxxx and xxxxxxxx the xxxxxxxxxx of xxxxxx tube xxxxxxxx Initially xxxx a xxx technology xx first xxxxxxxxxx in xxx market xxx adoption xx restricted xx a xxxxx number xx early xxxxxxxx and xxxxx scale xxxxxxx Gradually xxx product xxxxx control xxx grows xx new xxxxxxxxxxxx are xxxxxxxxxx They xxx further xxxxxxxxx with xxx objective xx meeting xxx requirements xx broad xxxxxxx of xxxxxxxxxx users xxxxxx middle xxxxx the xxxxxxx gains xxxxxxxxx in xxx market xxxxx This xxxxxxxxx increases xxxxxxxxxxx and xxxx period xxxxx rapid xxx greatest xxxxxx as xxx technology xxxxxxx At xxx final xxxxx the xxxxxxx saturates xx the xxxxxx How xx a xxxxxxxxxx innovation xxxxxxxxx from x sustaining xxxxxxxxxx Provide xx example xx each xxxxxxxxxx to xxxxxxxxx the xxxxxxxxxxxxxxx A xxxxxxxxxx innovation xxxxxxx high xxx and xxxxxxxxx customers xxxx improved xxxxxxxxxxx than xxxxxx Some xxxxxxxxxx innovations xxx such xxxx it xxxxxxxx on xxxxxx basis xxxxxx are xxxxxxxxxxxx as xxxx as xxxxxx the xxxxxxxx competitive xx nature xx matter xxx difficult xxxxxxxxxxxxx innovation xx the xxxxxxxxxx competitors xxxxxx wins xxx battle xx this xxxxxxxxxx technology xx contrast xxxxxxxxxx innovation xxxx not xxx to xxxxx products xxxxxx than xxxxxx in xxxxx to xxxxxxxxx customers xx the xxxxxxxxxx markets xx contrary xxxx introduce xxxxxxxx and xxxxxxx that xxx not xxxx as xxxxxxxx to xxx present xxxxxxxx Rather xxxx offer xxxxx benefits xxxx low xxxxx more xxxxxxxxxx and xxxxxxx which xxxxxxx to xxx and xxxx demanding xxxxxxxxx The xxxxxxxxxx between xxx two xx essential xxx those xxxxxxxxxx who xxx looking xx create xxx growth xxxxxxxxxx While xxx present xxxxxxx of xxx industry xxxxxx look xxx victory xx the xxxxxxx of xxxxxxxxxx innovation xxxxxxxx the xxxxxxxxx scenario xxx to x series xx mergers xxx buyouts xxx Entertainment xxxxxxx Inc xxxxxxxx obtained xxxxxx to xx big-name xxxxx Many xxxxx streaming xxxxxxxx companies xxx complaining xxxx Big xxxxxxxxxxxxx amp x monopolisticcontrol xx the xxxxx industry xxxx negatively xxxxxxxxx their xxxxxxxx models x primary xxxxxxx is xxx proposed xxxxxxxx in xxxxxxxxx fees x assessed xx film xxxxxxxxx to xxxxxxxxx firms xxxx time x movie xx streamed x by xxxxx streaming xxxxxx Netflix xxx Amazon xxxxx are xxxx concerned xxxx Big xxxxxxxxxxxxx will xxxxxxxx content xxxxxxxxxxxx in xxxxx of xxxxx companies xx you xxxx an xxxxxxxxxxxx interested xx entering xxx video xxxxxxxxx market xxxxx of xxxxxx amp x Five xxxxxx would xx of xxxxxxx concern xxxxxxxxxxx the xxxxx scenario xxxxxxx detailed xxxxxxxxx The xxxxxx amp x Five xxxxxx is xx easy xxx effective xxxxxxxxx to xxxxxxxxxx the xxxxxxxxx of x company xxx its xxxxxxxxx in xxx present xxxxxxx The xxxxx relevant xx the xxxxx case xx Intensity xx present xxxxxxxxxxx rivalry xx the xxxxx industry xxxxxxxxx of xxxxxxxxxxx When xxxxx are x large xxxxxx of xxxxxxxxxxx in xx industry xxxx the xxxxxxx of xxxxxxx a xxxxxx which xx above xxxxxxx becomes xxxxxxxxx since xxx many xxxxxx of xxxxxxxxxxx are xxxxxx for x limited xxxxx number xxxxxxxxx of xxxx competition xxxxxxx in xxxxx reduction xxxxx in xxxxxx reduces xxx profitability xxxx a xxxxxxxx participant xxx take x position xxx become xxx price xxxxxx so xxxx he xxx maximize xxxxxxx There xxxxx different xxxxx of xxxxxxxxxxx in xxxxxxxxx industries xxxx monopoly xxxxxxxxx and xxxxxxxxxxx sufficient xxxxxx of xxxxxxx In xxx given xxxx the xxxxxx is xxxxx dominated xx one xxxxxx hence xx is x monopoly xxxxx one xxxxxx dominates xxx controls xxx market xxx a xxxxx product xxxxxxxxx methods xxx be xxxxxxx in xxxxx to xxxxxx the xxxxxxx such xx Avoiding xxxxxxxxxxx of xxxxx Product xxxxxxxxxxxxxxx Reducing xxxxxxxxxxxx of xxxxxxxx Focusing xx different xxxxxxxx and xx communicating xxxx the xxxxxxxxxxx Describe xxxxxxx rationality xx it xxxxxxx to xxxxxxxxxx decision-making xxxx is xxx relationship xxxxxxx bounded xxxxxxxxxxx and xxxxxxxxxxx Bounded xxxxxxxxxxx is x conception xxxx the xxxxxxxxxxxxxx of xxxxxxxxxxx in xxxxxxxx making xx restricted xx the xxxxxxxxxxx they xxx having xx other xxxxx because xxxxxxxxxxx or xxx decision xxxxxx lack xxx capability xx make x optimal xxxxxxxx and xxxxxx at x solution xxxxxx they xxxxxxxxxx decision xxxx after xxxxxx the xxxxxxx that xxx available xxxxx is xxxxxxx simplified xxxxxxxxx the xxxxxxxx maker xxx also xx seen xx a xxxxxxxxxx who xx looking xxx a xxxxxxxx which xx satisfactory xxxx being x optimum xxx Satisficing xx the xxxxxxxxxxx of x circumstance xxxx people xxxx decisions xxx come xx solutions xx the xxxxxxx that xxx just xxxxx good xxxxxx rsquo xxx people xx not xxxx for xxx best xxxxxxxx rather xxxxxxx to xxxxxxx within xxx bounded xxxxxxxxxxx The xxxx satifice xxx coined xx Herbert xxxxx to xxxxxxx the xxxxxxxx of xxxxxx who xxxx for xxxxxxxx that xxx just xxxx enough xxx fulfilling xxxxx purposes xxx quot xxxxxxxxxxx amp xxxx can xxxx be xxxxxx upon xx the xxxxxxxxxxx of xxx quot xxxxxxxxxx amp xxxx and xxx quot xxxxxxxxxxx amp xxxx The xxx of xxxx satisficing xxxxxxxx it xxxxxxxxx some xxxxxxxx and xxxxxxxxxx others xxxxxxxx the xxxxxxxxx scenario xxxxx a xxxxxxxxxxxx manager xx a xxxxx computer xxxxxxxxxx firm xx responsible xxx procurement xx an xxxxxxxxx part xx the xxx product xxx company xxxxxxxxxxxx The xxxxxxx that xxx the xxxx recent xxxxxxxx for xxxxxxxxx this xxxxxxxx part xxx a xxxxxxx of xxxxxxxxx raw xxxxxxxxx from xxxxxxxxx with xxxxx rights xxxxxxxxxx Peter xxx aware xx this xxx decided xxxx it xxxx amp x a xxxxxxxxxxx problem xxx his xxxxxxx since xxx company xxx the xxxxxxxxx company xxx unethically xxxxxxxx employees xx stakeholders xxxxx ethical xxxxxxxxx is xxxx an xxxxxxx of xxxxxxx rationale xxxx would xx an xxxxxxxxx deterrent xx this xxxx of xxxxxxxx in xxx future xxxxxxxxx spend x great xxxxxx of xxxxx time xx well xx money xx instill xxxx code xx ethics xxx conducts xxxxxx training xxx other xxxxxxxxxx programs xxx still xxxxx are xxxxxxxxx behaviours xxxxx continue xx rise xxx ethical xxxxxxxxx can xx due xx reasons xxxx as xxxxxxxxxxxxx goals xxxxxxxxx blindness xxxxxxxx blindness xxx slippery xxxxx and xxxxxxxxxxx outcomes xxx given xxxx comes xxxxx motivated xxxxxxxxx In xxxxxxxxx blindness x person xxxxxxxxx unethical xxxxxxxx by xxxxxxxxx indifference xx it xxxxxxx of xxx own xxxxxxxx IN xxx present xxxxxxx Peter xx aware xx the xxxxxxxxx behavior xx the xxxxxxxxx company xxx ignored xxx same xx he xxxxxxx it xx of xxx much xxxxxxxxxxxx Describe xxxxxx value xxx shareholder xxxxxxxxxxx and xxx stakeholder xxxxxxxxxxx Which xxxxxxxxxxx shareholder xx stakeholder xxxxxx more xxxxxxx to xxx idea xx shared xxxxx Provide xxxxxxxx rationale xxxxxx value xxx be xxxxxxx as xxx operating xxxxxxxxx and xxxxxxxx which xxxxxxx the xxxxxxx rsquo x competitiveness xxxxx at xxx same xxxx advancing xxx social xxx economic xxxxxxxxxx in xxx places xxxxx it xxxxxxxxx It xxxxxxx on xx expand xxx identify xxx connections xxxxxxx the xxxxxxxx and xxxxxx progress xxxxxx value xxxx the xxxxxxxxxxx of xxxxxxxxxxxx lays xxxxxxxx on xxxxxxxxxxxxx over xxxxxxxxxxxxxx and xxxx the xxxxxxxxxxxxx as xxxx of xxx owners xxxxx the xxxxxxxxxxxx perspective xx shared xxxxx lays xxxxxxxx on xxxxxxxxxxxxxx over xxxxxxxxxxxxx and xxxx to xxxxx all xxx parties xx the xxxxxxxxxxxxx with xxxxx concern xxx shareholders xxxxx perspective xxxxxxx that xxxxxx responsibility xx not x matter xx concern xxx the xxxxxxxxxxxx and xxxx assert xxxx the xxxxxxx is xxxxxx served xx organizations xxxxxxxx economic xxxxxxxxxx The xxxx purpose xx to xxxxxxxx shareholders xxxxx While xxx stakeholder xxxxx s xxxxxxxxxxx believes xxxx the xxxxxx responsibility xx the xxxxxx of xxxxxxx for xxx organization xxx should xx measured xx bringing xxxxxxxxxxxx between xxx the xxxxxxxxxxxx Identify xxx describe xxxx of xxx diversity xxxxxxxxx from xxx article xxx quot xxxxxx Differences xxxxxx which xxx also xxxxx in xxxx textbook xxxxxxx which xxxxx surface xx deep xx diversity xxxx paradigm xxxxxxx on xxxxxxxx the xxx quot xxxxx amp xxxx created xx each xx the xxxxxxxxx i x tell xx the xxxxxxxxxx to xxx company xx applying x particular xxxxxx The xxxxxxxxx paradigms xxxxxxxxx in xxx article xxxxxxx discrimination xxx fairness xxxxxxxx access xxx legitimacy xxxxxxxx and xxxxx paradigm xxxxxxx beneficial xxxxxxxx taking xxxxx in xx organization xxx first xxxxxxxxxxxxxxxxxxxxxxxxxxx paradigm xx based xxxx the xxxxxxxxxxx of xxx discrimination xxxxx is xxxxx Under xxxx the xxxxxxx rsquo x progress xx measured xxx how xxxx it xxxxxxxx its xxxxxxxxx and xxxxxxxxxxx goals xxx access xxx legitimacy xxxxxxxx celebrates xxxxxxxxxxx Under xxxx the xxxxxxx rsquo x look xxx accessing x more xxxxxxx client xxxx matched xxxx their xxxxxxxxxxxx to xxx targeted xxxxxxxxx But xxxx paradigm xxx result xx the xxxxxxxxx having xxx feeling xxxx they xxxx been xxxxxxxxx In xxxxxxxxx where xxxxx exist xxxxx kind xx leadership x third xxx final xxxxxxxx exist xxxxx shows xxx beneficial xxxxxxxx taking xxxxx and xxx company xxxxx s xxxxxxxx more xxxxxxxxx in xxxxxxxxxxxxx their xxxxxxxx if xxx the xxxxxxxxx are xxxxxxxxx to xxxx their xxxxxxxxxxx by xxxxxxxx ideas xx all xx majority xx the xxxxx preconditions xxx in xxxxx positions xxx growth xxxxxxxxxxxxx are xxxxxx unlimitedMore Articles From Marketing
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