Which of the Following Is a Likely Reason for the Fact

question 58

Multiple Choice

Which of the following is a likely reason for the fact most companies do not have sufficient global leaders among their ranks?

• A) Managers are keener on learning to think differently about their purpose as leaders and the way they manage in a global context.
• B) Managers are more curious about the world and about people different from themselves.
• C) Managers are more concerned with developing competencies that enable them to interpret global scenarios differently.
• D) Managers prioritize competencies that help with their immediate responsibilities and performance over global competencies.

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Definitions:

Factor Endowments

The amount of land, labor, capital, and entrepreneurship that a country possesses and can utilize for manufacturing goods and services.

Heckscher-Ohlin

A trade theory that suggests countries will export goods that utilize their abundant and cheap factors of production and import goods that utilize the countries' scarce factors.

Ricardian Trade Theory

An economic theory that suggests international trade is driven by comparative advantage, leading countries to specialize in the production of goods they can produce most efficiently.

International Product Life Cycle

A theory that suggests that the level of trade in a product at any given time is a function of the current stage in the product’s life cycle, in which the life cycle consists of introduction, maturity, standardization, and decline.