Kindly make your explanation watertight QUESTION TWOYoung innovative or high-tech firms often adopt the strategy of ignoring history or attempting todo something radically new. Using your knowledge of the evolution of the management practice,explain in what ways this strategy might help their businesses. Also explain in what ways thisstrategy might hinder them?

Innovative firms often adopt the strategy of ignoring history or attempting to do something…

Answered: QUESTION TWO Young innovative or…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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How to respond in 100 words? Since the early years of the first decade of the 21st century, there have been a number of whistleblowing cases that have generated a great deal of publicity and have had a significant impact on business and society (Lopez et al., 2013, pg. 283). Due to the magnitude of the impact of whistleblowing and the potential backlash that employees may receive, many are apprehensive to engage in it. However, there are federal laws in place to protect whistleblowers from retaliation and discrimination (Batten, 2013). Employers should follow suit when responding to whistleblowing by their employees. This is because how employers respond to whistleblowing impacts the workplace environment significantly. Additionally, Katz et al. (2012) reminds us that the costs of doing nothing when wrongdoings are reported can be immense. A vital first step is to establish a whistleblowing policy and ensure that it is communicated with every employee. This policy should be…
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