Suppose you are starting up a company and inventing a product of ‘Smart Robotic Vacuum Cleaner’ that can detect and captures insects. It is can also be activated through your phone. What are the physical resources and financial resources needed for putting forward your ideas at different stages?
What is meant by corporate social responsibility? How much should this responsibility dictate the role of the corporation? Are there more important factors to consider? How important is maximizing the return for the shareholders?
“Internationalization” means diversifying operations to other countries and regions across the world. This trend is common in modern society, but why would a firm opt to internationalize? What benefits exist other than a wider market?
Compare Maslow’s hierarchy of needs and Alderfer’s ERG (existence, relatedness, growth) theory. Is one better than the other?
