Why Are German and Japanese Firms Generally Better at Managing

question 79

Multiple Choice

Why are German and Japanese firms generally better at managing market volatility than American firms?

• A) Their emphasis is on beating competitors.
• B) They value employees highly and eschew layoffs.
• C) They maintain limited product lines.
• D) They reduce prices faster and raise advertising expenditures during booms.
• E) They consider market share to be a strategic goal.

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Definitions:

Transformation Approach

A leadership perspective focusing on the connections and interactions between leaders and followers to raise each other to higher levels of motivation and morality.

Heroic Leadership Bias

The tendency to attribute the success of a group to the actions and decisions of its leader, often overlooking contributions from others.

Elitist

Pertaining to a belief or attitude that a select group of people with a certain pedigree, high intellect, wealth, or special talents are the ones who should make decisions or hold power.

Antidemocratic

Opposing or undermining the principles of democracy, which may include practices or beliefs that discourage participation or equality within a democratic system.