Managerial Training in ________ Is Becoming Increasingly Important Among Firms

question 78

Multiple Choice

Managerial training in ________ is becoming increasingly important among firms in emerging markets as a way to capitalize on new strategic opportunities.

• A) e-business development
• B) HR management policies
• C) cultural adaptation
• D) accounting practices

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Definitions:

Business Strategy

A plan of action designed to achieve a company's long-term goals and compete effectively in the market.

Environmental Strategy

A plan of action adopted by an organization to interact with its environment in a sustainable and beneficial manner, often with the goal of reducing negative environmental impact.

Functional Strategy

A specific approach taken by a department or unit within an organization to achieve its goals and contribute to the overall business strategy.

Operating Strategy

A plan that outlines how a business will use its resources to achieve its objectives and maintain competitive advantage.