Group 3 – multinational strategyGreenway has initially decided to adopt an ethnocentric strategy while they set up the newly rebranded hotels in Germany. They have asked for your advice on whether this should be their long-term strategy or whether they should adopt a different strategy (e.g. polycentric or geocentric). They would like to understand what the benefits are of each approach and what you would recommend. In your presentation to the Greenway Hotels board you should:• Outline the different strategic approaches, drawing on relevant theory• Explain the advantages and disadvantages of these• Provide some recommendations for Greenway as to which strategy they should adopt, and why.
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