Which of the following strategies is most likely to be pursued by a firm when there are strong pressures for cost reductions and demands for local responsiveness are minimal?

Question

Quizplus · Accepted Answer

When there are strong pressures for cost reductions and demands for local responsiveness are minimal, the most appropriate strategy would be a global standardization strategy. This involves standardizing products, services, and marketing programs globally, while minimizing differentiation at the local level. The focus is on achieving economies of scale and cost efficiencies through standardized operations, sourcing, and production. This strategy is best suited for companies that operate in mature industries with standardized products or services.

Which of the Following Strategies Is Most Likely to Be