A "Think Global,act Global" Approach to Crafting a Global Strategy

question 54

Multiple Choice

A "think global,act global" approach to crafting a global strategy involves

• A) pursuing the same basic competitive strategy theme (low-cost, differentiation, best-cost, focused) in all countries where the firm does business.
• B) selling much the same products under the same brand names everywhere and expanding into most, if not all, nations where there is significant buyer demand.
• C) integrating and coordinating the company's strategic moves worldwide.
• D) utilizing the same competitive capabilities, distribution channels, and marketing approaches worldwide.
• E) All of these.

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Definitions:

Rigid Commitment

An inflexible adherence to a particular belief, course of action, or viewpoint, often regardless of the consequences or evidence suggesting alternate approaches.

Broad Treatment

A comprehensive approach to therapy that considers multiple facets of the patient's condition and circumstances in designing a treatment plan.

Mutual Expectations

Assumptions or beliefs about what individuals expect from each other in a social interaction or relationship.

Couple Therapists

Professionals who specialize in helping partners in a relationship improve their communication, resolve conflicts, and strengthen their bonds.