Which of the Following Is True with Regard to Strategies

question 4

Multiple Choice

Which of the following is true with regard to strategies for minimizing the risks of global sourcing?

• A)To ensure the success of sourcing ventures, the focal firm must exercise great care to identify and screen potential suppliers and then monitor the activities of those suppliers from which it sources.
• B)To maximize returns and minimize risks, management should outsource core business operations.
• C)Because production quality in an emerging market rarely varies over time, managers at the focal firm are not obliged to closely monitor manufacturing processes.
• D)Firms must refrain from maintaining their own sourcing operations abroad in order to trim costs and minimize risks stemming from frequent currency fluctuations.

Understand the concept of ‘flow’ in the context of job satisfaction and psychological states.

Grasp the significance of a good relationship in work environments through mutual respect and trust.

Analyze the contributions of key figures like Douglas McGregor and Herb Kelleher to organizational morale and leadership.

Understand how organizations can implement strategies for enhancing employee morale.

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Definitions:

Corporate Strategy

The overarching strategy of a company, focusing on overall direction, resource allocation, and long-term objectives.

Allocate Resources

The process of distributing available resources, such as funds, materials, and labor, among various projects or departments to achieve organizational goals.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Complexity

The state or quality of being intricate or complicated, which can arise from numerous interconnected parts or variables.