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Consider the following statement for the role that ethics plays in both normative and positive economics. "Ethics is the study of morals standards and how it affects conduct and I believe it is more present in normative economics than in positive economics. There are no value judgments in positive economics, though the latter is measurable." Others have made similar remarks as well.
Can facts (or data) be interpreted in a way that may drive a particular policy? If so, can two groups using the same data interpret the data differently to generate distinctly different policies that may serve to further their own agenda?
Is this where ethics would come into play with positive economics? How do we (or can we) ensure that those interpreting the data do so in a way that would be considered ethical?
Anticipate how technology will transform business in the future. Give specific examples to support your response.
What are the trends in the number of competitors and their size, distribution, product innovation, finances, product liability and regulation?
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Write down the primary characteristic of the reframing innovation strategy.
Write a 700- to 1,050-word journal entry in the narrative style. Refer to this week's readings to inform your responses. Describe the flow of information in your company. In your journal, discuss the following
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Imagine you are a brand manager for your favourite food product. You have been challenged with finding a new distribution channel for a product under your brand supervision.
Discuss how the combination of Internet technologies and Robotics will displace jobs in the next ten years. Competitive Threats Acting on the e-Business.
Compare the strengths, weaknesses, opportunities and threats of the Nike to its competitors. How do the vision and values affect how the company will respond to each?
Why are risk analysis and management significant? How are risks typically managed? How can you minimize risk?
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