In what kind of industries does a localization strategy make sense? When does a global standardization strategy
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
A localization strategy makes sense when pressures for local responsiveness are high This situation is common when there are significant differences in consumer tastes and preferences between markets when differences in infrastructure and traditional practices require customization and when host government demands require local adaptation Many students will probably suggest that the auto industry often faces pressure for local responsiveness as does the fast food industry In contrast when pressures for cost reductions are strong and there is little pressure for local responsiveness a ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
International Business Competing in the Global Marketplace
ISBN: 978-1259578113
11th edition
Authors: Charles W. L. Hill
Question Posted:
Students also viewed these Business Communication questions
-
In this age of globalization, some thought leaders argue that all industries are becoming global and that all firms need to adopt a global standardization strategy. Do you agree? Why or why not?
-
Four basic strategies to enter and compete in the international environment: (1) global standardization strategy, (2) localization strategy, (3) transnational strategy, and (4) international...
-
What prompts a company to change from a global standardization to a transnational strategy, and what new implementation problems arise as it does so?
-
Host A has a file of 49.5Kbytes to send to host C and host B has a file of 70.5Kbytes to send to host D, both using TCP. TCP connection 1 from A to C and TCP connection 2 from B to D share one...
-
The wedge has a negligible weight and a coefficient of static friction ? s = 0.35 with all contacting surfaces. Determine the largest angle ? so that it is ?self-locking.? This requires no slipping...
-
A Brooks Clinic is considering investing in new heart-monitoring equipment. It has two options. Option A would have an initial lower cost but would require a significant expenditure for rebuilding...
-
This exercise considers nursing home data provided by the Wisconsin Department of Health and Family Services (DHFS) and described in Exercises 1.2 and 2.10. You decide to examine the relationship...
-
After researching the different forms of business organization. Natalie Koebel decides to operate Cookie Creations as a proprietorship. She then starts the process of getting the business running. In...
-
COMPLETE PART B AND USE NEWTON RAPHSON ITERATION METHOD SO SOLVE WHAT IS a and b. The answer should be 0.79 and 0.19 ish Question 1 Box-shaped design are commonly seen for small satellites. The...
-
This is a new manufacturing corporation that issued $50000 common stock for cash on the first day. All overhead expenses are paid immediately by cash. To make it easy, there are no other operating...
-
IKEA found success in the international market by localizing its products for different consumers' needs. Discuss how the company may need to change its strategies in response to evolving tastes...
-
1. Which global strategy lever do you think is the most universally 2. Do you think your answers in Question 1 will change over time; if so, how?
-
The operation of arc reversal ARC REVERSAL in a Bayesian network allows us to change the direction of an arc X Y while preserving the joint probability distribution that the network represents...
-
Mexican hairless dogs have little hair and few teeth. When a Mexican hairless is mated to another breed of dog, about half of the puppies are hairless. When two Mexican hairless dogs are mated to...
-
Charlie is hiking along a trail on forested land in the state of Maine near the United States border with Canada. Beside the trail, Charlie finds a backpack that contains $100,000 in cash. He reports...
-
The process of binary fission begins with a single mother cell and ends with two daughter cells. Would you expect the mother and daughter cells to be genetically identical? Explain why or why not.
-
Xeno Corporation purchased supplies from Kimbo Company in 2018. The total invoice was for \(\$ 20,000\), but Xeno claimed that only one-half of the order was received and paid only \(\$ 10,000\) in...
-
Female flies with white eyes and miniature wings (both X-linked recessive traits) were crossed to male flies with red eyes and long wings. On rare occasions, female offspring with white eyes were...
-
Stellar Stores is a new company that started operations on March 1, 2021. The company has decided to use a perpetual inventory system. The following purchase transactions occurred in March: Mar. 1...
-
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
-
What are the possible implications of tighter national immigration policies for an international business?
-
Reread the Management Focus, Sodexo: Building a Diverse Global Workforce, and then answer the following questions. a. How might building a more diverse global workforce help Sodexo achieve high...
-
Coca-Cola is one of the most recognizable brands in the world. It is the iconic American drink that has become a global staple. The company sells its flagship brand in more than 200 countries...
-
Please design a marketing message that embeds the concept of nostalgia and another factor that can potentially moderate the effect of nostalgia to increase consumer desire for post-pandemic travel....
-
Describe the stages a 22-year-old university student would go though when purchasing a new computer. Also, describe the process the same individual would go through when purchasing a frozen pizza.
-
Goal: Evaluate a business opportunity. What to do: Your wealthy aunt owns commercial real estate all over town. When one of her tenants, anonalcoholicbeverage company, goes bankrupt, your aunt...
Study smarter with the SolutionInn App