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Briefly explain what is managerial entrenchment, empire building, and risk taking in the context of corporate management? How do these problems arise, and what are

Briefly explain what is managerial entrenchment, empire building, and risk taking in the context of corporate management? How do these problems arise, and what are some potential negative consequences for companies? Additionally, what are some strategies that companies can implement to mitigate the negative effects of these problems?

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