Which of the following is a major structural changes occurring within many emerging market companies, such as Lenovo and Mittal Steel?
A) expanding family ownerships
B) establishing foreign franchises
C) simplifying traditional hierarchies
D) decreasing the powers of subsidiaries

Question

Quizplus · Accepted Answer

Many emerging market companies are simplifying traditional hierarchies to become more agile and responsive to market changes. This means getting rid of bureaucratic layers and empowering front-line employees to take more initiative and make decisions. Lenovo, for example, has shifted from a hierarchical structure to a more decentralized one where decision-making is pushed down to lower levels of management. Mittal Steel has also flattened its hierarchy to increase coordination and communication across the organization.

Which of the Following Is a Major Structural Changes Occurring