Firms Needing to Change Their Strategies Should

question 85

Multiple Choice

Firms needing to change their strategies should:

• A) create more heterogeneous top management teams.
• B) focus on their core customer base.
• C) implement transformational leadership.
• D) emphasize the training and development of internal managerial talent.

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Definitions:

Foreign Direct Investment

Investment made by a company or individual in one country in business interests in another country, in the form of establishing business operations or acquiring business assets.

Ownership

The act of having legal or rightful title to something, such as property, or feeling responsibility for an outcome or process in an organization.

Foreign Subsidiary

A company that is owned or controlled by another company but is located in a different country.

International Operations

Business activities and transactions conducted across national borders, involving the management of international resources, markets, and logistics.