In Order to Realize the Strongest Competitive Advantage,firms Engaged in Worldwide

question 21

Multiple Choice

In order to realize the strongest competitive advantage,firms engaged in worldwide competition must ___________.

• A) require that all of their various business units follow the same strategy regardless of location
• B) ensure that all business units follow a strategy strictly tailored to their respective locations
• C) pursue a strategy that combines the uniformity of a global strategy and the specificity of a multidomestic strategy in order to achieve optimal results
• D) attempt to use the strategy that was most successful in their home country

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Definitions:

Time Wage

A method of wage payment where employees are paid based on the number of hours they have worked.

Exit Interview

A meeting conducted with an employee leaving an organization, aimed at gaining insights into the work environment and improving retention.

Human Resources

The division of a company focused on activities related to employees, including hiring, training, and benefits.

Downsizing

Process of reducing the number of employees within a company by eliminating jobs.