Asked by Magen Phillips on May 30, 2024
Verified
In the context of choosing an international strategy, which of the following is a difference between a multidomestic strategy and a meganational strategy?
A) Unlike a multidomestic strategy, a meganational strategy helps a company pursue a cost-leadership strategy at the local level.
B) Unlike a meganational strategy, a multidomestic strategy emphasizes local responsiveness over global integration.
C) Unlike a meganational strategy, a multidomestic strategy promotes knowledge flow throughout an organization, regardless of where the ideas originate.
D) Unlike a multidomestic strategy, a meganational strategy simultaneously offers the benefits of both global and local advantages.
Multidomestic Strategy
A corporate strategy that involves a firm offering products or services that are tailored to suit the tastes and preferences of different local markets.
Local Level
Pertaining to a small, specific area, often a community or locality, focusing on localized issues, governance, or initiatives.
- Understand the significance of tailoring strategies to accommodate local market needs in the sphere of global commerce.
Verified Answer
BD
Bradley DeVeauxMay 31, 2024
Final Answer :
B
Explanation :
A multidomestic strategy focuses on adapting products and strategies to fit the specific needs of each country, emphasizing local responsiveness. In contrast, a meganational strategy (often referred to as a global strategy) seeks to standardize products and operations to achieve efficiency across all markets, prioritizing global integration over local responsiveness.
Learning Objectives
- Understand the significance of tailoring strategies to accommodate local market needs in the sphere of global commerce.