A multidomestic strategy reflects a(n) ___ that that shows respect for both market diversity and the capabilities of locals to best interpret their strategic implications.

Question

Quizplus · Accepted Answer

A multidomestic strategy is a strategy where a company operates globally but tailors its products and services to the different preferences and needs of the local market. This approach reflects a polycentric view that recognizes and values the differences between markets and the capabilities of local managers to make strategic decisions. A paleocentric view is an outdated and irrelevant approach that looks at global markets as inferior to domestic ones. An ethnocentric view, on the other hand, focuses on the home market and relies on domestic managers to replicate the same strategy around the world. A geocentric view looks at the global market as a single, integrated entity, ignoring local differences, whereas a concentric view applies the same strategy regardless of market diversity.

A Multidomestic Strategy Reflects A(n) ___ That That Shows Respect