companies extend the domestic product, domestic price, promotion and other business practices to the foreign markets.3.
:It formulates different strategies for different markets thus the MNC operate itsoffices, branches, subsidiaries in other country like domestic company. Theyformulate distinct polices and strategies suitable to that country. Thus they operatelike concerned in each of their markets.4.
:A global company is the one which has either global marketing strategy or aglobal sourcing strategy. Global company either produces in home country or in asingle country and focuses on marketing these products globally or producesglobally and focuses on marketing these products domestically.5.
:It produces , markets, invests and operate, across the world. It is an integratedglobal enterprises which links global resources with global markets at profit.There is no pure transnational companies satisfy many of the characteristics of aglobal corporation.
:This company thinks globally and act locally. This company adopts globalstrategy but allows value addition to the customer of a domestic country. Theassets of a transnational company are distributed throughout the world.2.
Scanning or information acquisition
:It collects the data and information world wide. These companies scan theenvironmental information regarding economic environment, politicalenvironment, social and cultural environment and technological environment.
3.Vision & Aspirations
The vision & aspiration of transnational companies are global markets, globalcustomers and grow ahead of global companies.4.
:The transnational companies scan the global data and information. Theyanalyze the global opportunities regarding the availability of resourcescustomers, market , technology, research and development etc. Similarlythey also analyze the global challenge and threats like competition fromthe other global companies, local companies etc. They formulate globalstrategy.
Key operations of a transnational are globalised. The transnational companiesglobalize the function like R & D, Product development, placing key humanresources procurement of high valued material etc.
:These companies adapt their products, marketing strategies and other functional strategies to the environment factors of the market concerned.
7. HRM Policy
:This company is not restricted by national political or legal constraints. Itselects the best human resources and develops them regardless of nationality,