A firm with a functional structure may see its initial markets mature, so it looks beyond its present products and markets for possible expansion. A strategy of related diversification requires a need to reorganize around product lines or geographic markets. This leads to a $q,$

$q,$

maintains its functional structure

develops a divisional structure

develops a matrix structure

develops a worldwide product$-$division structure

What is the fundamental underlying question of our class?

$q,$

How do firms create and sustain competitive advantage?

What is strategy?

$q,$

What kind of resources create value?

$q,$

$$ What are the factors behind emergence of industry clusters?

In the beer industry, many MNCs acquire local brands in foreign countries and keep their brand names, operating practices and management almost unchanged. This is an example of which strategy?

Global Strategy

Multidomestic strategy

International Strategy

Transnational Strategy