BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
recruiting top management teams in different countries
|
|
|
conducting market research in different countries
|
|
|
deciding the outsourcing level
|
|
|
looking for ways to adapt subsidiaries to local conditions
|
Detailed explanation-1: -Also referred to as an outsourcing decision, a make-or-buy decision compares the costs and benefits associated with producing a necessary good or service internally to the costs and benefits involved in hiring an outside supplier for the resources in question.
Detailed explanation-2: -These include responsibilities to keep a business organized such as making appointments, handling office logistics, answering the phone and creating travel itineraries. Executives can either hire a virtual assistant or outsource their needs to a firm to handle all of their day-to-day administrative tasks.
Detailed explanation-3: -Both the company and outsourcing partners must develop processes, and adopt project and workflow management tools. It is also important to create thorough documentation, including process maps, procedures manuals, and operations plans.