There Is an Increasingly Strong Push to Manage Reward Systems

question 53

Multiple Choice

There is an increasingly strong push to manage reward systems globally for at least three reasons: achieving economies of scale, building unique firm capability, and

• A)gaining workforce alignment
• B)gaining cost savings
• C)developing key competencies
• D)establishing a strong company image worldwide

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Definitions:

GLOBE Project

An extensive and ongoing cross-cultural research program analyzing the impact of culture on leadership effectiveness and organizational practices across the world.

Long-Term Planning

The process of setting major goals and objectives and outlining the strategies to achieve them over an extended period, usually several years into the future.

Acquisition Strategy

The plan or approach a company uses to acquire other companies or assets to achieve growth, diversify, or gain competitive advantages.

Manufacturing and Distribution Center

A facility that combines both the production of goods and their distribution to retailers or consumers, streamlining the supply chain process.