All Global New Ventures Share Two Common Factors

question 26

Multiple Choice

All global new ventures share two common factors. One factor is the bringing of a good or service to several different foreign markets at the same time. What is the other factor?

• A)the development of culturally specific implementation policies  
• B)the company founders successfully developing and communicating the company's global vision from inception  
• C)a mechanistic organizational culture  
• D)the ability to respond quickly and efficiently to any changes in the external environment

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Definitions:

Performance Measurement

The process of evaluating how effectively a business or its various components are achieving key objectives and goals.

Industry

The sector of an economy that is characterized by the production and manufacturing of goods or services within a particular field.

Recent Event

Refers to an occurrence or happening that took place in the near past.

Logistics Management

Planning, implementing, and controlling the efficient and effective forward and reverse flow and storage of goods, services, and related information.