M&P Inc.,a consumer goods manufacturing firm,has subsidiaries throughout the globe that have to respond to varying local market requirements.Therefore,the firm has planned to adopt a local-for-local approach to innovation.Which of the following is true in this context?

Question

Quizplus · Accepted Answer

Adopting a local-for-local approach to innovation means that the subsidiaries will have a high level of autonomy to respond to their respective local markets. This implies that each subsidiary will have its own R&D division to focus on local market requirements. Therefore, choice A is correct. However, choices B, C, and D are not necessarily true as they do not directly relate to the concept of local-for-local innovation.

M&P Inc,A Consumer Goods Manufacturing Firm,has Subsidiaries Throughout the Globe That