What Are the Characteristics of a Transnational Company?
The main characteristics of a transnational company arise from the fact that it operates in two or more countries, including in its country of origin. Its business, such as sales, extraction or manufacturing, hence spans multiple countries. Its management system also focuses on a global or regional outlook.
Transnational companies tend to adapt their services or goods to the local preferences of the host countries. They also strive to craft a business model that suits the particular regions in which they operate by blending their strategies with the development policies of the host countries. There’s also often an emphasis on green and sustainable development in the local region as a result of studying and responding to the local ecological environment’s needs. Transnational companies emphasize their own global strategies that ensure their continued thriving in the international scene and their long-term development and expansion.