Asked by Chae-Lynn Normore on Apr 25, 2024

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In order to compete effectively in global markets,domestic corporations often must transform their cultures,structures,and operations.

Global Markets

The international trading system that enables the exchange of goods, services, and currencies across borders.

Transform Cultures

The process of making significant and fundamental changes to the shared values, beliefs, norms, and practices within an organization to achieve desired outcomes.

Domestic Corporations

Companies that are incorporated in, and operate primarily within, the country they are registered.

  • Realize the necessity and impediments in the governance of change within organizational structures.
  • Become aware of the role of globalization in shaping organizational strategies and its outcomes for strategic direction.
  • Examine the proficiency of diverse organizational configurations in reacting to evolving market and technological landscapes.
verifed

Verified Answer

MA
Marlene AmadorMay 02, 2024
Final Answer :
True
Explanation :
This statement is true as global markets often have different cultural, structural and operational requirements and domestic corporations need to adapt to these in order to remain competitive. This may require significant changes to their existing culture, structure and operations.