If a Company Aims to Increase Profitability by Customizing Products

question 53

Essay

If a company aims to increase profitability by customizing products, services, and operations so it can respond to the differentiated needs and preferences of customers and employees in each of the countries where it operates, in which human capital should it invest?

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Definitions:

Talent Pool Risk

The potential negative consequences associated with managing or relying on a group of skilled individuals, which can impact organizational goals and performance.

Leadership Risk

The potential for loss or adverse outcomes resulting from the actions or decisions of leadership within an organization.

Readiness Risk

The potential for loss or setbacks in a project or initiative due to a lack of preparation or resources.

Competency-Based

An approach that focuses on identifying and developing specific competencies—knowledge, skills, and behaviors—that are critical for success in a role or organization.