What Is the Definition of a Global Company?

definition-global-company Credit: Paul Bradbury/OJO Images/Getty Images

While political scientists and economists do not have a standard definition for a global company, the recent informal definition for a global company is one that operates in at least more than one country. The past definition was a company based in one country that traded around the world.

One theory for a global company is one that has owners from two or more countries, and another definition is a company that has executives from a variety of nationalities. A common trait of global companies is one that offers the same product with modified changes to suit the local tastes of each country it serves.