A "Think-Local, Act-Local" Multidomestic Type of Strategy

question 26

Multiple Choice

A "think-local, act-local" multidomestic type of strategy

• A)is very risky, given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
• B)is usually defeated by a "think-global, act-global" type of strategy.
• C)is more appealing when the country-to-country differences in buyer tastes, cultural traditions, and market conditions are diverse.
• D)is generally an inferior strategy when one or more foreign competitors are pursuing a global low-cost strategy.
• E)can defeat a global strategy if the "think-local, act-local" multicountry strategist concentrates its efforts exclusively in those foreign markets which have superior resources.

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Definitions:

Technical Expertise

Specialized knowledge or skills in a specific field or area of technology, acquired through education, training, or professional experience.

Line Managers

Supervisors or managers who are directly responsible for overseeing the day-to-day work of other employees.

Planning

The process of making plans for something, including setting goals and determining the steps and resources needed to achieve those goals.

Top Managerial Positions

Refers to the highest-ranking roles within an organization, responsible for strategic decisions and overall direction.