TQM Requires Employees to Learn One Fundamental Skill: the Ability

question 37

True/False

TQM requires employees to learn one fundamental skill: the ability to work effectively with others in a team.

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Definitions:

Locally Responsive

The ability of a business to adapt its products, services, and operations to meet the specific demands and preferences of local markets.

Globally Integrated

Refers to entities such as economies, businesses, or systems that are interconnected and interdependent across the world.

Location Economies

The cost advantages obtained by a business due to its geographical position or the location of its resources and operations.

Meganational Strategy

A business strategy that seeks to operate and compete across multiple countries and regions, often by adapting products and practices to local conditions while maintaining overarching global standards.