In an Attempt to "Think Globally,act Locally," Companies Are Decentralizing

question 29

Multiple Choice

In an attempt to "think globally,act locally," companies are decentralizing operations that are culturally oriented and closest to the customers such as

• A) marketing.
• B) R&D.
• C) finance.
• D) information systems.
• E) accounting.

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Definitions:

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.

Corporate Strategy

An overall, long-term plan of action designed to achieve the core objectives and overarching goals of an entire organization.