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Developing transnational knowledge

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1) Why is developing transnational knowledge important? What is a global mindset? Provide examples.

200 words, one reference

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The expert examines developing transnational knowledge.

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Developing transnational knowledge is important for a global organization to be successful in all regions. Each region or location may require a different process, different strategy and use of a more localized understanding of consumer demand and how business is conducted. A one size fits all strategy in bring products or services to foreign markets will not work. First, consumption levels are very different among the various global regions. Because demand and consumption are different, various processes may need to be tailored to the level of demand in each region. In addition, the acquisition of raw materials, labor or supplies may be more readily available in some regions and ...

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