Which term describes a company that thinks globally but acts locally, having a strong presence both in its home country and worldwide?

Which term describes a company that thinks globally but acts locally, having a strong presence both in its home country and worldwide?

• A. Glocalization
• B. Governance
• C. Grossed-up income
• D. Greenfield operation

Answer: (A)

Glocalization is about thinking globally while acting locally. It means leveraging global scale and expertise while adapting products, services, and operations to fit local markets, cultures, and regulations. This approach lets a company maintain a strong presence at home and across diverse international markets by tailoring its offerings and practices to each locality while still benefiting from a global strategy. The other terms don’t fit because governance focuses on decision-making structures, grossed-up income is a tax/financial concept, and a greenfield operation refers to building a new facility from scratch rather than the global–local balance in strategy and execution.

Glocalization is about thinking globally while acting locally. It means leveraging global scale and expertise while adapting products, services, and operations to fit local markets, cultures, and regulations. This approach lets a company maintain a strong presence at home and across diverse international markets by tailoring its offerings and practices to each locality while still benefiting from a global strategy. The other terms don’t fit because governance focuses on decision-making structures, grossed-up income is a tax/financial concept, and a greenfield operation refers to building a new facility from scratch rather than the global–local balance in strategy and execution.