Asked by Andrea Cannon on May 02, 2024
Verified
In the context of global leadership, unlike global mind-set, market savvy _____.
A) is specific to multiple market contexts
B) tends to be specific to one local market
C) is a company-related competency
D) requires a superficial understanding of customer needs and market gaps
Market Savvy
Having a keen understanding of market dynamics, including recognizing opportunities and threats within the competitive landscape.
Global Mind-Set
The ability to appreciate and adapt to different cultural norms and practices in a global business environment.
- Differentiate between global mindset and market savvy in the context of global leadership.
Verified Answer
HD
Hannah DockeryMay 06, 2024
Final Answer :
B
Explanation :
Market savvy tends to be specific to one local market, focusing on understanding and navigating the nuances of that particular market, as opposed to a global mindset which encompasses a broader, more diverse understanding across multiple markets.
Learning Objectives
- Differentiate between global mindset and market savvy in the context of global leadership.
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