What Are the Four Basic Types of International Strategies That

question 79

Essay

What are the four basic types of international strategies that a company may pursue? Explain how the selection of one of these strategies is largely dependent on the relative pressure on the firm to address cost reduction and adaptation to local markets.

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Definitions:

Culture of Honor

A culture where personal or family reputation is extremely important, and insults or threats to reputation are often met with aggressive responses.

Richard Nisbett

An American psychologist known for his work in the fields of social psychology, culture, cognitive science, and intelligence.

Herding

The act of grouping together, often used in the context of animals or people moving in a group.

Agriculture

The science, art, and practice of cultivating the soil, growing crops, and raising livestock for human use and consumption.