A transnational corporation is an enterprise that is involved with the international production of goods or services, foreign investments, or income and asset management in more than one country.
This article explores the characteristics, advantages, and historical roots of TNCs, providing a comprehensive understanding of their impact on the global economy.
In contrast to multinational corporations, TNCs operate with multiple bases across countries, fostering local responsiveness and flexibility.
Firms like Nestlé, Deutsche Post, and Toyota exemplify this approach by expanding transnational activities to remain competitive on a global scale.
This historical context underscores the enduring nature of TNCs and their pivotal role in shaping the global business landscape.