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The core challenge of global strategy is simultaneously achieving cost efficiencies and responding to the demands of local markets. That is, to be truly successful

The core challenge of global strategy is simultaneously achieving cost efficiencies and responding to the demands of local markets. That is, to be truly successful as a global company, firms must blend elements of global and multidomestic strategies. Effectively, all global firms should always pursue some form of a transnational strategy. The core challenge of global strategy is simultaneously achieving cost efficiencies and responding to the demands of local markets. That is, to be truly successful as a global company, firms must blend elements of global and multidomestic strategies. Effectively, all global firms should always pursue some form of a transnational strategy. True False

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