The best strategy options for a local company in competing against global challengers include:

Question

Quizplus · Accepted Answer

The best strategy for a local company in competing against global challengers is to use an understanding of local customer preferences to create customized products or services, transferring the company's expertise to cross-border markets, and/or using acquisitions and rapid growth strategies to defend against expansion-minded multinationals. This will allow the local company to differentiate itself from global challengers and meet the specific needs of the local market. Export strategies, licensing strategies, franchising strategies, and cross-market coordination strategies are also viable options, but they may not be as effective in differentiating the local company from global challengers. Option A is not a strong enough strategy by itself, and options B and E may not be feasible or appropriate depending on the specific circumstances of the local company.

The Best Strategy Options for a Local Company in Competing