Overall, a __________ is a relatively inexpensive alternative for companies that want to expand globally but lack sufficient skill in upper management positions compared to an ethnocentric orientation.

Question

Quizplus · Accepted Answer

A polycentric orientation is a global approach in which the company's management team is composed of locals from the host country where the company operates. This approach is suitable for companies that lack sufficient upper management skills and experience to expand globally. It also allows the company to adapt to local market conditions and customs, making it a relatively inexpensive alternative to other global approaches.

Overall, a __________ Is a Relatively Inexpensive Alternative for Companies