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

question 29

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 that 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 Web site so as to bypass the costs of establishing networks of wholesale/retail dealers in each country market.

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Definitions:

Nonintimate-aggressive Relationships

Relationships characterized by a lack of closeness or affection, combined with hostile or aggressive interactions.

Individualism

A cultural orientation that emphasizes personal freedom, self-reliance, and the importance of individual goals over group objectives.

Systems Theory

A conceptual framework that examines phenomena in terms of whole systems, acknowledging interactions, interdependencies, and patterns among components.

Wholeness

Pertains to the state of being complete, entire, or undivided; often used in the context of personal development or health.