The document discusses the challenges and dangers of thinking globally but acting locally for businesses. Some of the key challenges mentioned are controlling the social media experience locally, meeting varying demands due to local economies and climates, difficulties contacting and pricing for customers worldwide in a consistent way. Dangers include the huge capital investments required for each local strategy, protectionist policies favoring local brands, and high taxes on international brands. Maintaining consistency while localizing, managing a large number of brands, and realizing sufficient return on investment are also recurring themes.