Strategic Management 4e
Strategic Management 4e
4th Edition
ISBN: 9781260779646
Author: Frank T. Rothaermel
Publisher: Mc graw hill
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Chapter 3.5, Problem 5CC
Summary Introduction

Case summary:

The case deals with the development of Company A. Company A is founded by Person C and Person G, who were roommates and industrial designers. They initiated renting their room to fellow designers to make some money, which gives the idea to initiate a business. Person C and Person G started a website in 2008 along with Person B, who is a computer scientist. The website helps the host and guest to meet and transact.

In 2017, the value of the firm is $31 billion. Company A became the fourth most valuable private company on the planet. Even though they are the fourth most valuable company, they are not in smooth sailing. There were issues with PESTEL factors. Especially the regulation of State N was the issue for Company A.

To determine: Whether Person X is concerned about the concept of sharing economy could be abused by unscrupulous entrepreneurs.

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Case Study The composition and role of boards. The board of directors is the corporation's governing body. By law, the board is vested with the authority to manage the corporation's business and affairs, and the board's members have a fiduciary responsibility to act in the best interests of the corporation and its shareholders. Boards are thus collegial bodies in the traditional sense that their members share authority and responsibility, and have both individual and collective accountability. Boards typically delegate much of their authority to an executive team that carries out the day-to- day operations of the corporation's business. However, some board duties cannot be delegated, and boards vary widely in the extent of their involvement in the business. The board's core functions typically include selecting, monitoring, advising, and compensating the chief executive; monitoring the company's financial structure and declaring dividends; deciding on major transactions and changes in…
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