Global Strategy and Diversification: Understanding Strategic Approaches and Evaluation

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Global Strategy and Diversification: Understanding Strategic Approaches and Evaluation 1. Question : A “think global, act global” approach to strategy - making is preferable to a “think local, act local” approach when Student Answer: a big majority of the company’s rivals are pursuing localized multicountry strategies. country - to - country differences are small enough to be accommodated with the framework of a mostly uniform global strategy. plants need to be scattered across many countries to avoid high shipping costs. market growth rates vary considerably from country to country. host governments enact regulations requiring that products sold locally meet strict manufacturing specifications or performance standards. Points Received: 0 of 1 Comments: 2. Question : A “think local, act local” multicountry strategy works particularly well when Student Answer: host governments enact regulations requiring that products sold locally meet strictly - defined manufacturing specifications or performance standards. there are significant country - to - country differences in customer preferences and buying habits. diverse and complicated trade restrictions of host governments preclude the use of a uniform strategy from country - to - country. there are significant country - to - country differences in distribution channels and marketing methods.
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