Advantages-disadvantages of globally standardized strategy

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1. Why is it so important for companies to be sensitive to the needs of individual markets and to consider the implications of responding to those needs. Discuss the advantages and disadvantages of a globally standardized strategy. Reflect on how companies can balance these two conflicting demands.

2. Examine the list of Fayol's 14 principles of management. Which principles are still useful today? Which principles appear to be obsolete, according to contemporary management thinking?

3. Because different cultures approach "right” and "wrong” in different ways, managers doing business internationally are more likely to face an ethical dilemma. Is this a true statement? Support your answer.

Reference no: EM132270923

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