In an effort to capture key employees from competitors,firms may attract the symbolic leader of a group within a competing firm and hope others will follow.This has been termed
A) the "Columbus effect."
B) the "Pied Piper effect."
C) strategically competitive hiring.
D) the "tech exit" effect.

Question

Quizplus · Accepted Answer

The scenario described is known as the "Pied Piper effect." In this situation, a firm tries to attract the symbolic leader of a group within a competing firm with the hope that other members of the group will follow. This term comes from the legend of the Pied Piper, who lured rats and then children away from a town using his flute.

In an Effort to Capture Key Employees from Competitors,firms May