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It is not always feasible to recruit from inside for practical problems involved. However, care has to be taken while recruiting from outside where qualification, practical experiences of the candidates should get top most priority.

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What was Jack Welch's quote about the rate of change inside vs outside?

"If the rate of change on the outside exceeds the rate of change on the inside, then the end is near."-Jack WelchJack Welch, the former CEO of GE, was always a major proponent for companies who were proactive with change rather than reactive. This quote is directed to the rate of change outside [your company] exceeding the rate of change inside [your company]. According to Welch, if your company is not changing and adapting to new cultures, trends, markets, and etc., faster than the rest of the world is changing it will become obsolete. A company should be setting the new trends with which culture is being formed, not reacting to the change long after it happened. Look at what Steve Jobs did with Apple Inc. Together the iPod and iTunes (mp3/mp4) lines have helped Apple redefine an entire generation's way of listening to music and even overall communication (iPhone 4 anyone?). They were setting the trends which companies like Samsung, Microsoft, and Sony would have to run to catch up with. As you can tell with the success (or lack thereof) of the Zune, it is better to set the bar than to try and catch it.


When managing a company's database the database requires a technical inside view of data.?

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What is strategic surveillance?

Strategic surveillance is designed to monitor events inside and outside the firm that may affect the course of the firm's strategy.


Why new product development important?

"When the change outside is greater than the change inside, the end is near" - Peter Drucker. New product is crucial because the market is changing... the old trend might become new again... but it never stay still. Only constant is change.


What are the advantages and disadvantages of intrapreneurship?

Ah, intrapreneurship is a beautiful thing, my friend. The advantages are like happy little trees - it fosters creativity, innovation, and a sense of ownership among employees. But just like painting a masterpiece, there are challenges too. Sometimes it can be difficult to balance intrapreneurial pursuits with the overall goals of the organization. Just remember, every challenge is just a chance for growth and learning.

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