Question: Discussion Question 10a: Explain how each approach is plotted on Figure 7.2 and explain the differences between the three approaches. I posted this question, but

Discussion Question 10a: Explain how each approach is plotted on Figure 7.2 and explain the differences between the three approaches.

I posted this question, but a classmate used the answer. I need a new answer....

FIGURE 7.2 Three Approaches for Competing Internationally High GLOBAL STRATEGY Think Global-Act Global TRANSNATIONAL STRATEGY Think Global-Act Local Benefits from Global Integration and Standardization MULTIDOMESTIC STRATEGY Think Local-Act Local Low Low High Need for Local Responsiveness

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Explain how each approach is plotted on Figure 7.2 and explain the differences between the three approaches. Please answer in 5+ sentences. FIGURE 7.2 Three Approaches for Competing Internationally...

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