BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Plants located on the basis of maximum competitive advantage for the products and service and use the same approach and coordination between national strategies
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Plants widespread across many home countries (each producing products and service) and use the same approach and coordination between national strategies
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Plants located on the basis of maximum competitive advantage for the products and service and use different approaches and strategies in different national markets
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Plants widespread across many home countries (each producing products and service) and use different approaches and strategies in different national markets
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Detailed explanation-1: -The Nature of Competitive Advantage in Global Industries. A global industry can be defined as: An industry in which firms must compete in all world markets of that product in order to survive. An industry in which a firm’s competitive advantage depends on economies of scale and economies of scope gained across markets.
Detailed explanation-2: -Corporate and competitive type of strategies are of particular importance to global companies. Competitive or business strategy defines for a given business the basis on which it will compete.
Detailed explanation-3: -Four main global strategies form the basis for global firms’ organizational structure. These are domestic exporter, multinational, franchiser, and transnational.