In an Industry That Is, or Is Rapidly Becoming Global

question 84

Multiple Choice

In an industry that is, or is rapidly becoming global, the riskiest possible posture is to

• A) become a global competitor.
• B) remain a domestic competitor.
• C) remain a global competitor.
• D) expand beyond the role of domestic competitor.
• E) none of the above

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Definitions:

Functional Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used.

Mental Set

A cognitive bias that involves approaching a problem in a particular way, often one that has been successful in the past, which may block or delay the identification of alternative solutions.

Natural Concept

A mental category that is formed as a result of everyday experience rather than by strict criteria.

Indirect Experience

Learning or acquiring knowledge through means other than direct involvement or personal experience, such as observing or reading.