Panasonic Needed to Change Its Strategy in the 1980s in Order

question 138

True/False

Panasonic needed to change its strategy in the 1980s in order to respond to demographic and economic changes in China. As the Chinese middle class began to emerge, local companies responded with competitive products. Panasonic then changed its strategy from a transnational strategy to a global strategy.

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Definitions:

Variety Of Foods

The inclusion of diverse food items in a diet to ensure a wide range of nutrients are consumed.

Display Rules

Culturally specific norms that dictate how emotions should be expressed and when and where their expression is appropriate.

Social Conventions

Agreed-upon norms and rules that govern behaviors within a society or group, facilitating orderly and predictable interactions.

Show Our Emotions

The act of expressing one’s internal emotional states to others through facial expressions, gestures, and speech.