A __________ strategy tries to operate without a strong national identity and seeks a balance between the efficiency of worldwide operations and responsiveness to local cultures.*

Question

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A transnational strategy aims to strike a balance between global efficiency and local responsiveness by decentralizing decision-making and allowing for customization in different markets. It does not prioritize a strong national identity, unlike a multidomestic strategy, which emphasizes tailoring products or services to local cultures and preferences. Diversification is a separate concept that involves expanding a company's product or service offerings into new markets or industries. Globalization is a trend towards integration and interconnectedness among economies, rather than a specific business strategy.

A __________ Strategy Tries to Operate Without a Strong National