The problems of many firms may be attributed to a
"traditional" control system that failed to continuously
monitor the environment and make necessary
changes in their strategy and objectives. What companies
are you familiar with that responded appropriately
(or inappropriately) to environmental change?
How can a strong, positive culture enhance a firm's
competitive advantage? How can a weak, negative
culture erode competitive advantages? Explain and
provide examples.
Use the Internet to research a firm that has an excellent
culture and/or reward and incentive system.
What are this firm's main financial and nonfinancial
benefits?
Using the Internet, go to the website of a large, publicly
held corporation in which you are interested.
What evidence do you see of effective (or ineffective)
corporate governance?
