Global Challenges
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Select a challenge facing global organizations that seek to remain successful in existing businesses, while starting new businesses to provide future revenue and profits. How do you predict organizations will address this challenge in the future?
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Solution Summary
The author selects a challenge facing global organizations that seek to remain successful in existing businesses, while starting new businesses to provide future revenue and profits and predicts organizations will address this challenge in the future.
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One of the challenges currently faced by global organizations and even local organizations is being engaged in a price war with competitors. In price wars, companies continuously battle with competitors by changing prices. While it may seem a good thing to lower prices for customers, some customers might stray to the competition looking for that lower price. ...
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