What is meant by managerial hubris? In what forms does it appear?
What will be an ideal response?
Managerial hubris is a form of self-delusion in which managers convince themselves of their superior skills in the face of clear evidence to the contrary.
Managerial hubris comes in two forms:
1. Managers of the acquiring company convince themselves that they are able to manage the business of the target company more effectively and, therefore, create additional shareholder value. This justification is often used for an unrelated diversification strategy.
2. Although most top-level managers are aware that the vast majority of acquisitions destroys rather than creates shareholder value, they see themselves as the exceptions to the rule.
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At Toys 4 Tiny Tots, employees know that during the December shopping season they are often required to work different schedules, weekends, and overtime. The December work schedules at Toys 4 Tiny Tots is an example of a(n) ______ change because workers have experienced it in the past. (They experience it every December.)
A. reactive B. adaptive C. innovative D. incremental E. radically innovative
A questionnaire used in a survey contains a question such as: "Retail-R-Us offers the best everyday prices" and the responses that the respondents can opt for are: "Strongly Disagree", "Disagree", "No opinion", &quo
Identify and define the type of closed-end question that has been exemplified in this case.
Which of the following is a source of primary data for a firm?
A) customer feedback B) trade publications C) annual reports D) company collateral
Treasury stock which was purchased for $3,000 is sold for $3,500. As a result of these two transactions combined
A) income will be increased by $500 B) stockholders' equity will be increased by $3,500 C) stockholders' equity will be increased by $500 D) stockholders' equity will not change