What Is Considered the Working Understanding of Effective Principles and Practices

question 30

Multiple Choice

What is considered the working understanding of effective principles and practices of functional disciplines as well as broader strategic management knowledge for conducting business in international settings, often involving both external business environment savvy and internal MNC organizational savvy?

• A)Business Acumen
• B)Explicit Knowledge
• C)Tacit Knowledge
• D)Cultural Sensitivity

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Definitions:

Team's Familiarity

The level of knowledge and competence a team has with each other's skills, project content, and working processes.

Technology Newness

Refers to the degree to which a technology is new to a market or an application, impacting its adoption and implementation difficulty.

Initiation Phase

The beginning stage of a project where goals are defined, feasibility is studied, and initial planning occurs.

DPCI Score

An index evaluating digital payment infrastructures' effectiveness, focusing on access, adoption, and usage across different settings. (Rephrased)