All global new ventures share two common factors. One factor is the bringing of a good or service to several different foreign markets at the same time. What is the other factor?
A)the development of culturally specific implementation policies
B)the company founders successfully developing and communicating the company's global vision from inception
C)a mechanistic organizational culture
D)the ability to respond quickly and efficiently to any changes in the external environment

Question

All global new ventures share two common factors. One factor is the bringing of a good or service to several different foreign markets at the same time. What is the other factor?
A)the development of culturally specific implementation policies  
B)the company founders successfully developing and communicating the company's global vision from inception  
C)a mechanistic organizational culture  
D)the ability to respond quickly and efficiently to any changes in the external environment

Quizplus · Accepted Answer

The other common factor among global new ventures is the presence of founders who are committed to and capable of building a globally-oriented company from the start. This involves developing and communicating a clear global vision, as well as being able to navigate the challenges of expansion into multiple foreign markets simultaneously. Factors A, C, and D may also be important for global new ventures, but they are not universal across all such ventures.

All Global New Ventures Share Two Common Factors