Briefly Describe and Compare the Three Perspectives on Decision Making

question 6

Essay

Briefly describe and compare the three perspectives on decision making emphasised in the text.

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Definitions:

Transnational Strategy

A corporate strategy that involves operating in multiple countries, combining global coordination to achieve efficiency with flexibility to adapt to local market conditions.

Autonomy to Adapt

The ability of an entity, such as an organization, to independently adjust or modify its functions and processes in response to environmental changes or internal demands.

Transnational Strategy

A business approach used by companies that operate across borders, combining global integration with local responsiveness.

International Strategy

A plan implemented by companies to expand their operations and market presence into multiple countries.