The sheer size and complexity of the global economy means that any organization that chooses a strategy to compete industry-wide is ________.

Question

Quizplus · Accepted Answer

The sheer size and complexity of the global economy presents significant challenges for organizations that choose to compete industry-wide. These challenges include high costs, intense competition, changing demographics, rapidly evolving technology, and increasing regulation. Therefore, taking on such a task is an enormous and expensive undertaking that requires considerable resources and expertise. While success is possible, it is not guaranteed, and it often requires a significant investment of time, money, and effort.

The Sheer Size and Complexity of the Global Economy Means