BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a single strategy for a subsidiary of a multinational firm
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a single for the entire global network
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a wide variety of business strategies across country
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a wide variety of corporate strategies across country
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Detailed explanation-1: -Multinational corporations choose from among four basic international strategies: (1) international (2) multi-domestic, (3) global, and (4) transnational.
Detailed explanation-2: -There are three main international strategies available: (1) multidomestic, (2) global, and (3) transnational (Figure 7.23 “International Strategy”).
Detailed explanation-3: -The international strategy is arguably the most common of the four. Often called an exporting strategy, it focuses on exporting products and services to foreign markets while maintaining production headquarters at home. This means companies avoid the need to invest in staff and facilities overseas.
Detailed explanation-4: -Using an international strategy means focusing on exporting products and services to foreign markets, or conversely, importing goods and resources from other countries for domestic use.