Pepsi tried unsuccessfully for years to get into the Indian market as a wholly owned subsidiary.Finally the company found a powerful local partner in the Indian beverage industry with whom to enter into a joint venture.The joint venture was quickly approved.In this example,Pepsi chose to employ the ____ strategy for managing regulatory change.

Question

Quizplus · Accepted Answer

Pepsi chose to form a joint venture with a powerful local partner, which falls under the "ally" strategy for managing regulatory change. This involves partnering or aligning with local entities or stakeholders who can help navigate the regulatory environment.

Pepsi Tried Unsuccessfully for Years to Get into the Indian