Which of the following is a major challenge that managers must overcome to remain competitive?
A)Globalizing their firm's operations
B)Managing a person's finances and daily activities
C)Managing a uniform workforce
D)Anticipating changes in foreign currency valuations

Question

Which of the following is a major challenge that managers must overcome to remain competitive?​
A)​Globalizing their firm's operations
B)​Managing a person's finances and daily activities
C)​Managing a uniform workforce
D)​Anticipating changes in foreign currency valuations

Quizplus · Accepted Answer

Globalization has led to increased competition, requiring managers to expand their operations to remain competitive. This includes adapting to new markets, changing regulations, and cultural differences. Therefore, globalizing their firm's operations is a major challenge that managers must overcome to remain competitive. Managing a person's finances and daily activities (B) is not typically a responsibility of managers in organizations. Managing a uniform workforce (C) is a challenge for managers in some industries, but not necessarily a major challenge. Anticipating changes in foreign currency valuations (D) is important for organizations involved in international trade, but it is not a major challenge for all managers.

Which of the Following Is a Major Challenge That Managers