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Define and highlight factors that support multi-national business strategies.

Define and highlight factors that support multi-national business strategies.

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Answer #1

The main multinational business strategies are-:

1) Multidomestic Strategy

A firm using a multidomestic strategy sacrifices efficiency in favour of emphasizing responsiveness to local requirement within the reach of its business.

2) Global Strategy

A firm using a global strategy sacrifices responsive to local requirements within each of its market in favour of emphasizing efficiency.

3) Transnational Strategy

A firm using a transnational strategy seeks a middle ground between a multidomestic strategy and a global strategy. Such a firm tries to balance the desire for efficiency with the need to adjust to local preferences within the various countries.

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