Explain the Product Life-Cycle Theory and Its Connection with FDI

question 39

Essay

Explain the product life-cycle theory and its connection with FDI.

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Definitions:

Leader-follower Congruence

The degree of alignment between the values, goals, and actions of leaders and their followers within an organization or group.

Transparency

The practice of being open, honest, and straightforward about various activities, allowing stakeholders to have insight into the decisions and actions of an organization.

Two-way Process

A form of communication or interaction where both parties send and receive information, leading to mutual understanding and engagement.

Conflict Management

The practice of identifying and handling conflicts in a wise, fair, and efficient manner.