Companies Successfully Implementing an Integrated Cost Leadership/differentiation Strategy Are Better

question 6

Multiple Choice

Companies successfully implementing an integrated cost leadership/differentiation strategy are better positioned than firms pursuing the other four business strategies to do all of the following EXCEPT

• A) learn new skills.
• B) adapt quickly to a changing environment.
• C) reduce the risks for stakeholders of the firm.
• D) have more primary and support activities in which they are competent.

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Definitions:

Exportive IHRM Approach

Transferring home HRM systems to foreign subsidiaries without modifying or adapting to the local environment.

Subsidiaries

Companies that are fully or partially owned and controlled by another company, known as the parent company.

Transaction Costs

Expenses incurred during the exchange of goods or services, beyond the price of the goods or services themselves.

Integrative IHRM Approach

A holistic method in international human resource management that combines several aspects of HR practices across multiple countries to achieve global objectives.