Which of the Following Is True of the Global Approach

question 24

Multiple Choice

Which of the following is true of the global approach to managing businesses?

• A) Companies have the option of remaining domestic or going global due to the integration of markets.
• B) In determining whether or not to globalize a particular business, managers should look first at their industry.
• C) A multidomestic strategy, as a competitive strategy, is inherently more vulnerable to risk than a domestic strategy or a global strategy.
• D) Structure, management processes, and culture are some of the external factors that facilitate a company's efforts to undertake a global approach to marketing strategies.

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Definitions:

Work Process

The sequence of tasks or activities that are carried out in order to achieve a specific outcome or product.

Value Process Reengineering

Involves the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical measures of performance such as cost, quality, service, and speed.

Michael Hammer

A pioneer of business process reengineering, known for his work on improving operational efficiencies and workflows in organizations.

Process Reengineering

A business management strategy focusing on the analysis and redesign of workflows and processes within an organization to achieve significant improvements in critical performance measures, such as quality, cost, service, and speed.