The increasing pace of change and intensity of competition in many markets of the world, as well as continued differences across many markets, are causing even large experienced companies to delegate at least some decision-making authority to subsidiary managers.

Question

Quizplus · Accepted Answer

This statement is true. Due to the increasing pace of change and competition in markets, many companies are delegating decision-making authority to subsidiary managers, even if they are large and experienced. This allows for quicker response to local market conditions and greater agility in decision-making.

The Increasing Pace of Change and Intensity of Competition in Many