A Strategy Designed to Reduce the Scale or Scope of a Corporation's

question 31

Multiple Choice

A strategy designed to reduce the scale or scope of a corporation's business is called a ________ strategy.

• A) growth
• B) differentiation
• C) retrenchment
• D) stability

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Definitions:

Hofstede's Five Dimensions

A framework for understanding cultural differences across countries, based on five dimensions: power distance, individualism vs. collectivism, masculinity vs. femininity, uncertainty avoidance, and long-term orientation vs. short-term orientation.

Uncertainty Avoidance

Describes the degree to which a culture tolerates ambiguity and uncertainty, impacting organizational practices and decision-making processes.

Masculinity-Femininity

Represents a cultural dimension that describes the extent to which a society emphasizes traditional masculine and feminine roles.

Performance Orientation

A focus or emphasis on the outcome of activities in terms of success, achievement, and excellence in performance.