Explain the Russian ruble crisis and how it affected LTCM
What will be an ideal response?
Huge international debts, declining oil prices, and capital flight put considerable pressure on the international value of the ruble. Russia dramatically increased interest rates to attract international investors, which caused borrowing for domestic businesses to soar. As a result, bankruptcies, unemployment, and government budget deficits increased. The central bank used its international reserves to stabilize the ruble, but in the end, its resources were not enough to defend the ruble against massive international capital outflows. When Russian interest rates rose and the ruble fell, LTCM incurred significant losses.
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What is achieved by integration of innovation activities into business strategies?
What will be an ideal response?
Min's company is implementing a new product approval system that is far more complex and restrictive than the old system. This will not affect Min directly because she is in the marketing department, but it will affect her friend Tyler, who is in the Research and Design department. As a result, Min speaks out against the new system. This is an example of resistance to change due to ______.
Fill in the blank(s) with the appropriate word(s).