Lessons learned from the company's experience in other parts of the world are often used to address discrepancies. However, lessons learned from other companies can often be misleading and should not be used to address discrepancies.

Question

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Lessons learned from other companies' experiences are useful at this stage. For example, studies have found that the performance of European and Japanese multinationals is positively correlated with corporate policies emphasizing innovation and globally standard product designs with local adaptation.

Lessons Learned from the Company's Experience in Other Parts of the World