Which of the Following Is NOT a Typical Option That

question 127

Multiple Choice

Which of the following is NOT a typical option that companies have to consider to tailor their strategy to fit the circumstances of emerging country markets?

• A) Prepare to compete on the basis of low price.
• B) Modify aspects of the company's business model to accommodate local circumstances (but not so much that the company loses the advantage of global scale and global branding).
• C) Change the local market to better match the way the company does business elsewhere.
• D) Develop a strategy for the short-term and forget about a long-term strategy because conditions in emerging country markets change so rapidly.
• E) Stay away from those emerging markets where it is impractical or uneconomic to modify the company's business model to accommodate local circumstances.

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Definitions:

Accelerators

Programs designed to accelerate the growth of startups through mentorship, resources, and funding.

Cognitive Comprehensiveness

A process in which team members examine critical issues with a wide lens and formulate strategies by considering diverse approaches, decision criteria, and courses of action.

Decision Criteria

The standards or benchmarks that guide the decision-making process, helping individuals or organizations to choose among alternatives.

Cofounders' Relationship

The professional and often personal relationship between the individuals who establish a business together.