The strategy gamut of "international- multidomestic-global-transnational" has prevailed for several years in international business theory. Each archetype speaks directly and differently to how the MNE reconciles the tension of global integration versus local responsiveness. Managers, mindful of industry structure and drivers of value creation, trade off the characteristics of the four archetypes in making their strategic choice. Discuss the characteristics of international, localization, global, and transnational strategies. Include situations and a specific examples in which each strategy would be most appropriate. {NLT 1000 words}

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ANSWER Globalization can be defined as the growing interdependence between various countries across the world in the context of the exchange of labor capital technology goods and services and culture ... View the full answer