International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.
-As their international operations grew,Jennifer and James decided to decentralize management and hire foreign nationals to run the business in their local countries.Their firm has developed into a ________.

Question

Quizplus · Accepted Answer

Decentralizing management and hiring local nationals to run the business in their respective countries is a characteristic of a multidomestic corporation. This type of corporation has separate operations in multiple countries, and each operation is managed independently to cater to local market needs, preferences, and regulations. This approach allows the corporation to be adaptable to local requirements, but it may lead to higher costs and a lack of coordination among operations.

International Entrepreneurs (Scenario) Jennifer and James Have Formed an Entrepreneurial Venture to Develop