The Institution-Based View of Global Business Deals with the External

question 11

True/False

The institution-based view of global business deals with the external opportunities and threats,whereas the resource-based view concentrates on a firm's internal strengths and weaknesses.

---

Definitions:

Information Saturation

A state in which no additional information can be absorbed or effectively processed by an individual or system due to an overload of data.

Consensus

A general agreement among the members of a group or community, reflecting a common opinion or shared position on a particular issue.

High-Status Person

An individual who holds a position of authority or esteem in a social hierarchy, often influencing group dynamics and decisions.

Hierarchically Organized Group

Hierarchically organized groups have a clear structure with different levels of authority or status, guiding decision-making processes and roles within the group.