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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2401 |
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The team was ready for a quick fix and found part of that solution in outsourcing and layoffs. Outside pressure can place tremendous strain to get answers quickly, and if the board was demanding answers, satisficing would be the most likely scenario.
It is wise to keep your board of directors happy...
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If the people who are ultimately responsible for your company are happy, it will have a trickledown effect. Of course, the reverse of this is true as well and it is exemplified in this scenario. Unhappy stockholders can easily place pressure on the company to perform better, and they will. In this case, GC stockholders are upset over the 60% loss in stock value over the last three years...
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