answer questions

1.

Please provide 2-3 sentences of your thoughts, commentary or opinion (Not an introduction or summary) as it relates to Business Strategy on any 1 of the following items and be prepared to discuss during the following class session.

Renée Mauborgne, co-author of Blue Ocean Strategy

How to create new markets and leave the competition behind

Link for video: Blue Ocean Strategy, Create New Markets and Leave the Competition Behind | Renée Mauborgne | WOBI (https://www.youtube.com/watch?v=clp-IMpuwaQ)

2. Please answer the following questions:

1. How is employee turnover both a positive and negative force on a firm?

2. Under what conditions does it make sense for an employer to retain an employee who is being raided by a competitor?

3. What counteroffer policy would you advocate as an employer and why?

4. Describe how an employer can avoid the holdup problem of employees leaving with firm-specific human capital?

3. Answer each question in paragraph form addressing all required parts.

1. In 2012 Facebook held an IPO (initial public offering). Because of this and the extensive use of employee stock options, many of its employees are now multi-millionaires. What retention problems do you foresee for the company? What, if anything, might Facebook do?

2. You and a friend from school are starting a consulting firm together. You want to organize it as a partnership. Realizing that things don’t always work out as intended, how might you structure the partnership agreement to protect you and your friend from future conflict? How will that affect that ways that you each conduct business in the new firm?

3. What kinds of skills are likely to be most effectively trained for on the job? What kinds would be best learned in a classroom?