Which of the Following Is an Advantage of Adopting a Geocentric

question 99

Multiple Choice

Which of the following is an advantage of adopting a geocentric staffing approach?

• A)It tends to reduce cultural myopia and enhance local responsiveness.
• B)It is inexpensive to implement.
• C)It reduces the costs of value creation.
• D)It allows all key management positions of a firm and its subsidiaries to be filled by parent-country nationals.
• E)It requires minimal documentation for hiring foreign nationals.

---

Definitions:

Lean Systems

Lean systems are management philosophies that focus on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, including cost structure, product offerings, brand, and customer service.

Overall Returns

The total financial gain or loss generated from an investment or portfolio of investments over a specific period, considering both capital gains and income received.

Level Scheduling

Maintaining a constant output rate, production rate, or workforce level over the planning horizon.