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"Everyone knows they have to localize in China, " says Brent.
CNN: ASIANOW - TIME Asia | Television: Uncanned Laughter
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They have even created an alternative currency, the "Totnes Pound", which can only be spent within the town in an attempt to localize the economy and reduce reliance on imports.
CNN: The towns taking control of their future
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Even Dunkin' Donuts, a chain specializing in one type of food, does its best to localize its menu.
BBC: Would you like fries with that Maharaja Mac?
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In these industries, the best strategy and approach is to localize managements.
FORBES: Two Industry Models In China
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In industries that fall into the second category, foreign companies must not only localize their management, but it may also be necessary to partner with a strong local player.
FORBES: Two Industry Models In China
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Khosla said it is part of Kraft's strategy to localize decision-making, allowing its Chinese workforce to market and sell products that are made in China for a diverse array of Chinese consumers.
FORBES: Retail
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"We continue to look for opportunities to localize production and build where we sell, " said Rick Hesterberg, spokesman for Toyota Engineering and Manufacturing, in a statement Wednesday.
WSJ: Toyota to produce luxury Lexus model at Ky. plant