Define the characteristics of complex systems

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Reference no: EM133316354

Question 1) Define the concept of EBM. Then, (A) indicate and discuss which of its 9 principles were applied by Lincoln Electric (indicating how they were applied); and (B) discuss which ones were not applied and the possible causes for this.

Question 2) GMC´s initial success was due to a number of key factors. (A) Summarily, identify these factors (B) indicate which are Porter´s 5 Forces in the Analysis of Competition and (C) discuss how each of the 5 forces played a role (or did not) in GMC´s initial success (do elaborate).

Question 3) Define the characteristics of Complex Systems and compare the experiences of Lincoln Electric and GMC (during its failing phase) (A) in terms of such characteristics; and (B) focusing on how they each dealt with ONE of their main challenges.

Reference no: EM133316354

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