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• What requires success in today's international climate?

  - Highly specialized, yet closely linked groups of global businesses managers, country or regional managers, and world-wide functional managers. 

  This characterizes a transnational rather than an old-line multinanational, international or global company. 

• What is the main characteristic of a transnational?

  They integrate assets, resources and diverse people in operating units around the world.

• What three strategic capabilities can companies build?

  - Global-scale efficiency and competitiveness 

  - National-level responsiveness and flexibility

  - Cross-market capacity to leverage learning on a worldwide basis

• What is the greatest constraint in creating a transnational organization?

  - Severe shortage of executives with the skills, knowledge and sophistication to operate in a more tightly linked and less classically hierarchical network.

• What three groups of specialist exist?

  - Business managers

  - Country managers
  - Top executives

• What is the main job of top executives?

  The leaders who manage the complex interactions between the three-and can identify and develop the talented executives a successful transnational requires. 

  Top management should understand the strategic importance of each group

• What is the main task of global business or product-division managers?

  The responsibility of:

  furthering the company's global-scale efficiency and competitiveness.

  Requires the perspective to recognize opportunities and risks across national and functional boundaries, but also the skill to coordinate activities and link capabilities across those barriers. The global business manager's overall goal is to capture the full benefit of integrated worldwide operations.

• What is the core business manager's job?

  - Serve as a strategist for his or her organization

  - the architect of its worldwide asset and resource configuration

  - coordinator of transactions across national borders

• What is the main task of the global business manager?

  - Achieve the most efficient distribution of assets and resources, while protecting and leveraging the competence at hand. 

• What is an advantage of acquisition-fueled growth?

  - It can bring new resources and strengths.