An Organization, When It Is Expanding in a Foreign Country

question 42

True/False

An organization, when it is expanding in a foreign country, enters it through a domestic partner.This would improve the chances of success for the organization.

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Definitions:

Total Quality Management

A management approach focused on continuous improvement of all organizational processes, leading to high-quality products and services.

Cultural Diversity

The coexistence of different cultural, ethnic, racial, and social groups within a society, enriching its social fabric.

Racially Dissimilar

Referring to individuals or groups that are different from each other in terms of racial or ethnic background.

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.