Which of the following best describes a transnational strategy?

A transnational strategy is characterized by the ability of a company to balance local responsiveness with global efficiency. This strategy allows businesses to tailor their products and services to meet the specific needs of local markets while simultaneously leveraging efficiencies gained from their global operations. Companies employing a transnational strategy will often adapt their marketing, product features, and even operational processes to fit the cultural, economic, and regulatory contexts of the countries they operate in.

This approach is crucial for multinational corporations looking to maintain competitiveness in diverse markets. It helps them to not only achieve cost savings through standardized processes but also respond quickly and adequately to local consumer preferences. As a result, this dual emphasis on local adaptation and global integration is what primarily defines a transnational strategy, making it suitable for companies aiming to optimize their international presence effectively.