An appreciation and ability to make effective decisions within the uncertainties and complexities of global business, often involving contradictions, such as smaller business entities being able to wield more power than larger entities, or managing the ongoing tensions of thinking on a global scale yet being responsive to local concerns and demands, is known as:
A)Paradox Management
B)Complexity Comprehension
C)Tacit Knowledge
D)Business Acumen

Question

Quizplus · Accepted Answer

The ability to navigate contradictions and complexities in global business is referred to as paradox management. This encompasses the ability to make effective decisions despite uncertainty and contradictory factors, such as smaller businesses having more power or balancing global perspectives with local concerns. Complexity comprehension and tacit knowledge refer to related but distinct concepts, while business acumen refers to general business expertise rather than specifically understanding and managing paradoxes.

An Appreciation and Ability to Make Effective Decisions Within the Uncertainties