Which of the following strategies can be used to help manage global risks?
Which of the following strategies can be used to help manage global risks?
Flexibility is the correct strategy to help manage global risks. In the context of global risk management, flexibility allows organizations to adapt quickly to changes in the market, regulatory environments, and supply chain disruptions. This adaptability is crucial for responding to unforeseen events and maintaining operations under varying conditions. Other options like direct shipment, cross-docking, and mass customization, while beneficial in specific scenarios, do not inherently provide the broad capability to manage global risks as effectively as flexibility.
Why not C? Mass customization reduces variability such that base product can be used/sold globally with few customizations.