If Companies Focus Too Much on Local Adaptation, They Run

question 99

Multiple Choice

If companies focus too much on local adaptation, they run the risk of:

• A) using management procedures poorly suited to particular countries' markets, cultures, and employees.
• B) losing the cost effectiveness and productivity that result from using standardized rules and procedures throughout the world.
• C) losing control over the quality of the product or service sold by the foreign licensee.
• D) failing to benefit from an active global strategy.

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Definitions:

Overtime Pay

Compensation received for working beyond the standard hours set by a company or regulatory authority.

Hourly Rate

The amount of money paid for each hour of work, commonly used to compensate part-time or temporary employees.

Job Structure

An organizational outline that defines each job's relative value and pay within the company, often based on job evaluation.

Relative Pay

The comparison of an individual's wage or salary to those of other workers within the same organization, industry, or geographical area.