Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

his activity is important because, as a manager, you must be able to determine a strategy for your business in different markets. Especially when working

his activity is important because, as a manager, you must be able to determine a strategy for your business in different markets. Especially when working in international business, it is important to decide whether to use a multinational strategy or a global strategy. When a company uses a multinational strategy, it customizes products, promotion, and distribution according to cultural, technological, and regional differences. When a company uses a global strategy, it standardizes products for the whole world, as if it were a single entity.
The goal of this exercise is to demonstrate your understanding of strategies for international business by identifying examples of multinational and global strategies.
Select the appropriate international strategy type for each of the descriptions of international businesses below.
1. McDonald's develops different menu items for different markets. For example, the McDonald's in India does not serve beef hamburgers because in India cows are considered holy.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of strategic management

Authors: Charles w. l. hill, Gareth r. Jones

3rd Edition

1111525196, 978-1111525194

More Books

Students also viewed these General Management questions