Discover the crucial step that transforms a multinational company into a truly globalized organization. Gain insights for the SHRM-SCP certification exam.
Table of Contents
Question
Which step moves an organization from being multinational to globalized?
Answer
Accommodating a multidirectional flow of ideas. The organization’s information and knowledge need to be shared among all locations in a globalized organization. Acquisitions in other countries could make an organization multinational, but to become a truly globalized organization, ideas, goods, and products must flow in many directions.
Explanation
Accommodating a multidirectional flow of ideas is the key step that moves an organization from being multinational to globalized. In a globalized organization, information and knowledge must be shared among all locations, fostering collaboration and innovation across borders.
While acquisitions in other countries can make an organization multinational, simply having a presence in multiple countries is not enough to be considered globalized. To achieve true globalization, ideas, goods, and products must flow in many directions, breaking down silos and leveraging the collective knowledge and resources of the entire organization.
By enabling this multidirectional exchange, the organization can tap into the diverse perspectives and expertise of its global workforce, leading to enhanced problem-solving, adaptability, and competitiveness in the international marketplace. This step is crucial for creating a unified, cohesive global entity that operates seamlessly across boundaries.
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