BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following types of global organisation is most likely to suffer problems associated with being culture bound?
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global new ventures
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licensing
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joint ventures
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franchising
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wholly owned subsidiaries
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Explanation:
Detailed explanation-1: -Corporate governance is best achieved with a board of directors with strong ties to management.
Detailed explanation-2: -This strategy allows firms to compete more effectively in the local market and increase their share in that market. The disadvantage of a multidomestic strategy, however, is that the firm faces more uncertainty because of the tailored strategies in different countries.
Detailed explanation-3: -A globalization strategy adopts standardized products and advertising for use worldwide.
Detailed explanation-4: -Which of the following is a drawback of licensing as a mode of entry into foreign markets? Licensing does not give a firm tight control over manufacturing, marketing, and strategy.
There is 1 question to complete.