A Differentiation Strategy Works Best When

question 71

Multiple Choice

A differentiation strategy works best when

• A)technological change is fast-paced and competition revolves around rapidly evolving product features.
• B)buyers' needs are homogeneous.
• C)many rival firms are also pursuing a differentiation approach.
• D)there are few other ways to make a product unique to buyers.
• E)firms have ample excess cash to invest in R&D activities.

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Definitions:

Cultural Clusters

Groups of countries that share similar cultural dimensions and traits, facilitating understanding in global interactions.

Leadership Qualities

Attributes and competencies that enable an individual to inspire, influence, and guide groups or individuals.

Performance Orientation

A focus on achieving outcomes and maintaining high standards of work performance.

GLOBE Model

A framework for understanding the impact of culture on leadership and organizational behavior across different nations and societies.