BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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tactical strategy
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Growth strategy
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Global strategy
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Detailed explanation-1: -An international strategy involves the tactics adopted in different countries specific to the markets of those countries whereas, a global strategy is a concept that involves putting together plans that are unique for the worldwide market.
Detailed explanation-2: -Multinational corporations choose from among four basic international strategies: (1) international (2) multi-domestic, (3) global, and (4) transnational.
Detailed explanation-3: -Multinational corporations choose from among three basic international strategies: (1) multidomestic, (2) global, and (3) transnational. These strategies vary in their emphasis on achieving efficiency around the world and responding to local needs.
Detailed explanation-4: -An international business strategy refers to planning and focusing on exporting products and services to foreign markets. It also acts as a guide for commercial transactions that take place between entities in different countries.
Detailed explanation-5: -Global strategy: When businesses define one global brand, making little to zero changes for other markets. Appleās sleek iPhone, Macbook, and iPad are examples of this. While the software and keyboards may be localized, the brand is the same everywhere you go.