Summit Corp

question 29

True/False

Summit Corp.is transitioning from a multinational strategy to a transnational strategy.It would probably be more effective and less costly if the company commenced its accompanying organizational transition by focusing on changing employees' attitudes and mentalities,than it would be if it led its efforts by engaging in structural change.

---

Definitions:

Transferring Uncertainty

The process of moving the risk of a particular outcome from one party to another, often through the use of insurance or hedging techniques.

Obsolescence Concerns

Worries related to a product or system becoming obsolete or outdated, leading to a potential decrease in its value or utility.

Reduce Uncertainty

The action or practice of making a situation or outcome more predictable or less ambiguous.

Leasing

A contractual agreement where one party, the lessor, allows another party, the lessee, to use an asset for a specified period in exchange for periodic payments.