Answer the following statements true (T) or false (F)
1. When the independent, high-end U.S. Grant hotel in downtown San Diego joined Starwood’s Luxury Collection of hotels to gain “worldwide exposure,” it was an example of a distributor relationship.
2. External stakeholders include labor unions.
3. The percentage of the labor force represented by unions has steadily increased since the 1950s.
4. For established companies, financial institutions are not external stakeholders.
1. False
Recently, high-end independent hotels have become affiliated with chains as strategic allies because chains can buy supplies for less, and they have more far-reaching sales channels. The 97-year-old U.S. Grant in downtown San Diego, for example, joined Starwood’s Luxury Collection in 2005 to gain “worldwide exposure,” according to a hotel spokesperson.
2. True
Labor unions are employee organizations that are among the 11 groups that are external stakeholders in the task environment.
3. False
In recent years, the percentage of the labor force represented by unions has steadily declined (from 35% in the 1950s to 11.8% in 2011). Indeed, most union members are now government employees, and private-sector unionization, mainly because of recession-related job losses in manufacturing and construction, has fallen off.
4. False
Established companies still often need loans to tide them over when revenues are down or to finance expansion.
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