Survival Within the Competitive Enterprise Term Paper

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Numerous case studies in crisis management have shown that companies that have the courage to acknowledge fault and to act quickly to resolve the situation have a far better chance of getting beyond the crisis more quickly and economically than companies that deny responsibility. In the information age, it's increasingly difficult to avoid discovery of misdeeds. Sooner or later, the market will find out about the cover up. As a result, the company's reputation is more adversely affected and the liability for the situation is often times higher for sellers that did not have the courage to behave ethically.

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Courage and honesty are concrete examples of why Grant's thesis is invalid. Consumers have a right to products and services that have been honestly marketed and sold. Further, when a seller discovers that there is an issue with a product or service, the consumer has the right to be immediately and accurately informed and to receive corrective action. Otherwise, the seller may well reap some short-term gains, but will not do well in the….....

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Latest APA Format (6th edition)

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"Survival Within The Competitive Enterprise" (2004, October 26) Retrieved July 4, 2025, from
https://www.aceyourpaper.com/essays/survival-within-competitive-enterprise-57536

Latest MLA Format (8th edition)

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"Survival Within The Competitive Enterprise" 26 October 2004. Web.4 July. 2025. <
https://www.aceyourpaper.com/essays/survival-within-competitive-enterprise-57536>

Latest Chicago Format (16th edition)

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"Survival Within The Competitive Enterprise", 26 October 2004, Accessed.4 July. 2025,
https://www.aceyourpaper.com/essays/survival-within-competitive-enterprise-57536
   

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