A(n)_____ approach to strategy formulation and implementation is one in which a multinational corporation makes strategic decisions based on the merits of the individual situation rather than using a predetermined economic or political strategy.
A) administrative coordination
B) bureaucratic coordination
C) value-added
D) functional

Question

Quizplus · Accepted Answer

An administrative coordination approach to formulation and implementation is one in which a multinational corporation makes strategic decisions based on the merits of the individual situation rather than using a predetermined economic or political strategy. A good example is provided by Walmart, which has expanded rapidly into Latin America in recent years. While many of the ideas that worked well in the North American market served as the basis for operations in the Southern Hemisphere, the company soon realized that it was doing business in a market where local tastes were different and competition was strong.

A(n)_____ Approach to Strategy Formulation and Implementation Is One in Which