A "think-global, act-global" approach to strategy making is preferable to a "think-local, act-local" approach when
A) a big majority of the company's rivals are pursuing localized multidomestic strategies.
B) country-by-country differences are small enough to be accommodated within the framework of a mostly uniform global strategy.
C) host governments enact regulations requiring that products sold locally meet strict manufacturing specifications or performance standards.
D) plants need to be scattered across many countries to avoid high shipping costs.
E) market growth rates vary considerably from country to country.

Question

Quizplus · Accepted Answer

When country-by-country differences are small enough to be accommodated within the framework of a mostly uniform global strategy, it is preferable to adopt a "think-global, act-global" approach to strategy making. This approach helps to achieve economies of scale, realize cost savings, and maintain consistency in brand image and positioning across borders. Additionally, it allows for better coordination of activities and facilitates the transfer of knowledge and best practices across different locations.

A "Think-Global, Act-Global" Approach to Strategy Making Is Preferable to a "Think-Local