What Organizational Processes Are Most Likely to Maximize a Firm's

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The Answer is The organizational processes that are most likely to maximize a firm's global potential include strategic planning, market research, cultural understanding, and effective communication.

To improve the global potential of a hypothetical company, let's take the example of a technology company. The company can start by conducting thorough market research to identify potential markets and understand the needs and preferences of customers in different regions. This will help the company tailor its products and services to meet the specific demands of each market.

Next, the company should focus on developing a strong global strategy that takes into account cultural differences and local business practices. This may involve hiring local talent, establishing partnerships with local businesses, and adapting marketing and sales strategies to fit the cultural context of each market.

Effective communication is also crucial for maximizing global potential. The company should invest in language training for its employees and ensure that communication channels are open and effective across different regions.

Overall, by implementing these organizational processes and strategies, the hypothetical technology company can improve its global potential and expand its presence in international markets.

What Organizational Processes Are Most Likely to Maximize a Firm's

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What Organizational Processes Are Most Likely to Maximize a Firm's

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Correct Answer:Answered by ExamLex AIShow Answer

Correct Answer:
Answered by ExamLex AI