Asked by Suzanne Meyer on Jun 30, 2024
Verified
Discuss the difference between a global company and a transnational company.
Global Company
A business that operates and has a presence in multiple countries across the world, transcending national boundaries in its operations.
Transnational Company
A multinational corporation that operates across borders, managing production or delivering services in more than one country, highlighting global integration.
- Clearly describe the features that differentiate a global company from a transnational company.
Verified Answer
BG
Breanna GutierrezJul 07, 2024
Final Answer :
Global companies do business in many countries simultaneously. A global company is a multinational venture centrally managed from a specific country. A transnational company is a global network of productive units with a decentralized authority structure and no distinct national identity. Transnational companies rely on a blend of global and local strategies, as circumstances dictate.
Learning Objectives
- Clearly describe the features that differentiate a global company from a transnational company.
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