When is a think-local, act-local approach to strategy making appropriate?
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 to strategy making is appropriate when there are significant cross-country differences in demographic, cultural, and market conditions, and where benefits from standardization are limited. This approach allows for local responsiveness and adaptation to diverse market conditions.

When Is a Think-Local, Act-Local Approach to Strategy Making Appropriate