The Approach of a Firm Using a "Think Global,act Local

question 132

Multiple Choice

The approach of a firm using a "think global,act local" version of a global strategy entails:

• A) producing and marketing a variety of product versions under the same brand name,with each different version being designed specifically to accommodate the needs and preferences of buyers in a particular country.
• B) little or no strategy coordination across countries.
• C) pursuing the same basic competitive strategy theme (low cost,differentiation,best cost,focused)in all countries where the firm does business but giving local managers some latitude to adjust product attributes to better satisfy local buyers and to adjust production,distribution,and marketing to be responsive to local market conditions.
• D) selling the company's products under a wide variety of brand names (often one brand for each country or group of neighboring countries)so buyers in each country market will think they are buying a locally made brand.
• E) selling numerous product versions (each customized to buyer tastes in one or more countries and sometimes branded for each country),but opting to only sell direct to buyers at the company's website so as to bypass the costs of establishing networks of wholesale/retail dealers in each country market.

Understand the concept of flexible work arrangements and their types (e.g., telecommuting, flex-time, compressed workweek).

Grasp the positive relationship between flexible work arrangements and job performance, satisfaction, and employee perceptions of fairness and autonomy.

Identify strategies to implement flexible work arrangements within an organization.

Recognize the impact of flexible work arrangements on reducing employee lateness and promoting work-life balance.

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Definitions:

Percentage

A way of expressing a number as a fraction of 100, used to describe proportions or compare magnitudes.

Normal Model

A type of statistical distribution that is symmetric, bell-shaped, and fully described by its mean and standard deviation.

Percentage

A proportion or share expressed as a fraction of 100.

Normal Model

Refers to a probability distribution that is symmetrically distributed around the mean, commonly known as the normal (or Gaussian) distribution.