The “boiled frog” phenomenon is a business term of significance to business in general and to strategic management in particular. Based on research, describe how this phenomenon applies to business and particularly to strategic management?
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Get Help Now!Share a specific business/company example; discuss the particular situation where the Boiled Frog phenomenon occurred. What reason(s) attribute to this particular phenomenon to? What could the business have done to avoid the effects of the phenomenon?
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The “boiled frog” phenomenon is used to describe how people (or frogs!) adapt to changing conditions. If you place a live frog in a pot of boiling water it will hop out. However, if you place a frog in a container of room temperature water and gradually bring the water to boiling the frog will adapt to the temperature and not jump out- even at the point that the temperature reaches the boiling point. The frog’s ability to adapt to the slowly increasing temperature of water was not a good thing, for the change eventually killed him. The same is true for people in some circumstances. There may be conditions that we find unacceptable and so we do not participate, however, sometimes we find ourselves in situations that slowly evolve to be less than optimal.
Businesses have these same issues. They may fail to take in the impact of changes happening around them, focused merely on the day-to-day details. They may also underestimate …
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