When is it appropriate to use a think-local, act-local approach strategy?
A)when the need for local responsiveness is minimal and when potential efficiency gains from standardization is unrestricted by cross-country opportunities
B)when the local manager is intellectually savvy
C)when the local market provides strong opportunity for growth and profitability
D)when the need for local responsiveness is high due to significant cross-country differences in demographic, cultural, and market conditions and where benefits from standardization is limited
E)when the need for centralized decision making is relevant due to various macroeconomic and market conditions

Question

Quizplus · Accepted Answer

A think-local, act-local approach strategy is appropriate when there are significant cross-country differences in demographic, cultural, and market conditions that require local responsiveness. It is also appropriate when potential benefits from standardization are limited. Therefore, choice D is the best answer. Choices A and E are not correct because they suggest that either local responsiveness is not a concern or that centralized decision making is necessary. Choice B is not relevant to the use of a think-local, act-local approach strategy. Choice C could be a factor in deciding to use this strategy, but it is not the defining criteria.

When Is It Appropriate to Use a Think-Local, Act-Local Approach