Within the context of shared value, contrast the concept of ‘conventional wisdom’ with the concept of ‘new thinking’. In your answer: • Provide a brief description of these concepts; • Provide an example of a company which can be linked to each concept (derive own examples); • Clearly indicate the link between the examples and each associated concept

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Within the context of shared value, contrast the concept of ‘conventional
wisdom’ with the concept of ‘new thinking’.

In your answer:
• Provide a brief description of these concepts;
• Provide an example of a company which can be linked to each concept
(derive own examples);
• Clearly indicate the link between the examples and each associated
concept;

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