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Questions and Answers
What is one way the global standardization strategy increases profitability?
What is one way the global standardization strategy increases profitability?
- Establishing an incentive system for local employees (correct)
- Encouraging local employees to work remotely
- Providing extensive training in multiple languages
- Implementing a complex hierarchical organizational structure
Which factor contributes to profit growth in the global standardization strategy?
Which factor contributes to profit growth in the global standardization strategy?
- Reaping the cost reductions from economies of scale (correct)
- Focusing solely on high-cost locations
- Ignoring the skill development of foreign employees
- Paying above-market wages to local employees
What does the global standardization strategy aim to leverage for profit growth?
What does the global standardization strategy aim to leverage for profit growth?
- Skills unrelated to the core business activities
- Skills developed by competitors
- Skills developed in foreign operations (correct)
- Skills only developed in domestic operations
