In-Class Assignment Session 3 for students

In-Class Assignment Session 3 for students - b. Wikinomics...

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BMGT 364: Introduction to Management and Organization Theory In-class Assignment Session 3 1. The best way to manage legal responsibilities is to retain a large staff of legal specialists to defend the company against any charges. a. True b. False 2. Which of the following is an industry that has experienced both the stable and dynamic environments predicted by punctuated equilibrium theory? a. Airline industry b. Baking industry c. Video game industry d. Landscaping industry 3. Which of the following statements is true according to the authors of Wikinomics? a. If companies want to compete in today’s environment, they will have to find ways to protect their intellectual property.
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Unformatted text preview: b. Wikinomics refers to the economy in the digital age. c. Smart firms can harness innovation by using peer production to involve more people and partners in developing customer solutions than they could ever hope to marshal internally. d. All of the above. 4. The article Why good companies fail discusses several reasons of why even great companies can be brought to their knees. Kodak is one of those companies. What happened with Kodak? a. Kodak failed by accident. b. Kodaks top management was unwilling to change. c. Kodak was unable to change. d. Kodak was too focused on its competitors....
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This note was uploaded on 03/06/2012 for the course BMGT 364 taught by Professor Wellman during the Spring '08 term at Maryland.

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