Tailoring a strategy to fit the circumstances of emerging country markets does not typically involve
A)competing on the basis of low price.
B)modifying aspects of the company's business model to accommodate local circumstances (but not so much that the company loses the advantage of global scale and global branding).
C)transforming the local market to better match the way the company does business elsewhere.
D)developing a strategy for the short-term and forget about a long-term strategy because conditions in emerging country markets change so rapidly.
E)avoiding those emerging markets where it is impractical or uneconomic to modify the company's business model to accommodate local circumstances.

Question

Quizplus · Accepted Answer

Developing a strategy only for the short-term and ignoring a long-term strategy is not advisable, even in rapidly changing emerging markets. It is important to have a long-term vision and a flexible strategy that can adapt to changing circumstances.

Tailoring a Strategy to Fit the Circumstances of Emerging Country