Answered: risk averse managers

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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I need a 3 page paper with citations answering the following questions

One of the reasons Joseph SchumPeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk taking entrepreneurship in favor of low risk managerial strategies. Has this happened? Have major corporations been unwilling to adapt to the times and meet competition head on? Are corporate executives better described as risk averse managers then entrepreneurs willing to take a chance?

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