In Regards to Global Convergence

question 16

Short Answer

In regards to global convergence:
a. Advocates argue that globalization will unleash a "survival-of the-fittest" process.
b. Advocates claim firms will be forced to adopt globally the best practices.
c. Others contend that governance practices will continue to diverge throughout the world.
d. The text indicates that complete divergence in corporate governance is probably unrealistic.
e. All of the above.

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Definitions:

Failure

The inability to achieve a desired goal or objective despite effort.

Storming Stage

The second stage of team development characterized by conflict and competition as group members start to express differing opinions and vie for positions.

Cross-functional

Relating to or involving multiple departments or areas of expertise within an organization, aimed at achieving a specific goal.

Empowered Members

Individuals within an organization or team who are given authority, resources, and the capability to make decisions and contribute to the group's objectives.