Managers Need to Understand Cultural Differences to Make Effective Decisions

question 10

True/False

Managers need to understand cultural differences to make effective decisions in today's fast-moving world.

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Definitions:

Global Organisational Learning

The process by which organizations develop, enhance, and manage knowledge across global boundaries to achieve competitive advantage.

Transnational Knowledge

Information or expertise that flows across national boundaries, contributing to global understanding and cooperation.

Planning and Controlling

The process of setting objectives, developing strategies to achieve those objectives, and monitoring progress toward their achievement, while making adjustments as necessary.

Global Operations

The activities of a business or organization conducted in multiple countries around the world, often involving production, distribution, and marketing.