Question

1. What are the differences between strategic management, organization behavior, and this course in terms of scope of content?

2. Explain in your own words the Iron Law of Responsibility and the social contract. Give an example of a shared understanding between you as a consumer or an employee and a firm with which you do business or for which you work.

PLEASE - TYPE ANSWERS AND 6 SENTENCES MINIMUN PER QUESTION. THANK YOU!!!

Answer 1

Solution 1:-

Organisational behaviour is simply the study that how to behave with or how to people interact with other. While the strategic management involves the management of the strategies that are to be made for the achieving visions or missions. Normally the study of organisation behaviour is applied in the most efficient organisation while the strategic mangement is to be done for making the organisation working effective and efficient. Organisational behaviour is directly related to the understanding , predictions of the human behaviour while the strategic menagement is related to the efficient implementation of the strategies.

Answer 2 :-

The Iron Law of Responsibility means that for years, firms have the responsibility to use their power in order to do positive things for the community instead of abusing of their privileges power and harm the society. The Iron law of responsibility in the long run is for those who does not use the power in such way that they become resonsible for losing it. It is just only a simple rule that the corporations always be checked as per their social responsibility