The notion that there is one set of management principles applicable to firms of any national origin or in any national setting can be stated as ________________.
A) Managerial individualism
B) Managerial universalism
C) Monopoly
D) Managerial collectivist

Question

Quizplus · Accepted Answer

Managerial universalism refers to the belief that there is one set of management principles that can be applied universally across different national origins or settings. This belief is often challenged by cultural, legal, or institutional differences that may require an adaptation or modification of management practices. However, the idea of universal applicability of management principles has been influential in shaping the field of international management and promoting a global perspective on business. The other options (A, C, D) do not accurately capture the concept of managerial universalism.

The Notion That There Is One Set of Management Principles