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.

Identify obstacles to logical thinking, including various biases and fallacies.

Describe the generative and creative capacity of language.

Recognize the influence of language on perception and thought, as suggested by the linguistic relativity hypothesis.

Understand the cognitive benefits and characteristics of bilingualism.

---

Definitions:

Creative Thinking

The process of thinking in novel ways to generate new and innovative ideas or solutions.

Decision Making

The process of selecting a course of action from multiple alternatives, often involving judgment, evaluation, and the consideration of possible outcomes.

Group Decisions

Decisions made by a collective of individuals, often benefiting from diverse opinions and shared responsibility.

Problem-Solving Group

A team or committee assembled to address and find solutions for specific issues or challenges within an organization or community.