A global strategy:

Question

A global strategy:

Quizplus · Accepted Answer

A global strategy focuses on achieving the best cost and quality positions in different markets around the world. This involves finding ways to standardize processes and products to achieve economies of scale and lower costs, while also adapting to local market needs and preferences. Coordination between different parts of the organization is necessary to ensure consistency and efficiency in global operations. Customer responsiveness may also be important depending on the industry and target markets, but it is not the primary focus of a global strategy. Local hierarchies may exist within the organization, but they are ultimately aligned with the global strategy and goals. Assessing the strategy at both the market and product levels is also important to ensure that it is effective and relevant in different contexts.

A Global Strategy