Problem: What is the "boiled frog" phenomenon? How does it apply to business and, particularly, strategic management? Find a business example of a situation where this has occurred. What could the business have done to avoid the effects of the phenomenon?
Explain how to:
1) Apply critical thinking skills to analyze business situations.
2) Identify examples of good and bad business practices in the use of strategy design components.
3) Recognize situations that present potential legal and ethical issues and develop solutions for those issues.