Which of the following is not a characteristic of world-class companies?
A)They focus on creating low-value products.
B)They earn superior profits over the long run.
C)They replace methods and systems that impede their progress.
D)They can help serve societal purposes.
E)They apply new organizational strategies and management to become more effective.

Question

Quizplus · Accepted Answer

World-class companies create high-value products and earn superior profits over the long run. They demolish the obsolete methods, systems, and cultures of the past that impeded their progress and apply more effective organizational strategies, structures, processes, and management of human resources. And increasingly, companies are vehicles for accomplishing societal purposes.

Which of the Following Is Not a Characteristic of World-Class