Examlex
A firm that properly manages cultural diversity can develop cost advantages over firms that do not manage diversity well.
Parent Company
A corporation that owns enough voting stock in another firm to control its board of directors and therefore its operations and policies.
Lost Opportunities
Refers to situations when potential benefits or gains are not realized due to missed or unutilized chances.
Economic Factor
An element that influences the performance or outcomes of an economy, such as interest rates, inflation, or unemployment rates.
PEST Analysis
A strategic business tool used to identify and analyze the Political, Economic, Social, and Technological factors that may impact a project or venture.
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