When Is It Appropriate to Use a Think-Local, Act-Local Approach

question 74

Multiple Choice

When is it appropriate to use a think-local, act-local approach strategy?

• A)when the need for local responsiveness is minimal and when potential efficiency gains from standardization is unrestricted by cross-country opportunities
• B)when the local manager is intellectually savvy
• C)when the local market provides strong opportunity for growth and profitability
• D)when the need for local responsiveness is high due to significant cross-country differences in demographic, cultural, and market conditions and where benefits from standardization is limited
• E)when the need for centralized decision making is relevant due to various macroeconomic and market conditions

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Definitions:

Interactive Systems

Computer systems designed for human interaction, where input from users directly affects the output and operations of the system.

Upstream

Refers to the earlier stages in the process or supply chain, often related to the sourcing of raw materials or initial production stages.

Suppliers

Companies or individuals who provide goods or services to another entity, typically within a commercial supply chain.

Raw Metal

Unprocessed metal in its natural state, not yet altered by machining, shaping, or any form of treatment for use in manufacturing.