In your own words based on experience and understanding, please respond to the following:
A) What are four basic philosophies that drive strategic management in most multi-national corporations (MNCs)?
B) What are three basic differences between a domestic strategy and a global strategy?
C) Why is a global matrix design almost always transitional in nature?
D) What is corporate culture? Why is it paramount in international control systems?
The solution examines aspects of international business ventures e.g. four basic philosophies that drive strategic management, differences between domestic and global strategy, the nature of the global matrix design, as well as the nature and significance of corporate culture.