Answer the following statement(s) true (T) or false (F)

Question

1) Technological change is one of the ongoing challenges that characterize the current business landscape.
2) A global company can be headquartered anywhere, but usually most of its employees come from the organization's home country.
3) Collaboration occurs within companies and between companies, but it cannot occur between a company and a customer.
4) Globalization has reduced the need for innovation by equalizing production costs.
5) Done properly, sustainability encourages people to live in ways that can be maintained for a short period without harming environmental resources.

Answer 1

1. TRUE
Explanation: The four ongoing challenges that characterize the current business landscape are: globalization, technological change, the importance of knowledge and ideas, and collaboration across organizational boundaries.

2. FALSE
Explanation: Globalization means that a company's talent can come from anywhere. For example, more than half of GE's employees live outside the United States.

3. FALSE
Explanation: Customers can be collaborators. Companies must realize that the need to serve the customer drives everything else.

4. FALSE
Explanation: The need for innovation is driven in part by globalization. One obvious reason is that facilities in other countries can manufacture appliances or write software code at a lower cost than facilities in the United States.

5. FALSE
Explanation: Sustainability is about protecting our options. Done properly, sustainability allows people to live and work in ways that can be maintained over the long term (generations) without depleting or harming our environmental, social, and economic resources.