A primary goal of transnationals is to offer their vision for selling products or services so that they are relevant to local cultures. The purpose of this study is to provide a solution for how transnational companies face various environments and how they can utilize and overcome them and survive strategically. This study will present strategic recommendations for transnational organizations. First, transnational organizations should identify the core areas where organizational can invest or allocate its precious resources to get full advantage of the attractive opportunities form the market and focus on building strong networks with the key stakeholders. Second, they should manage the knowledge flows and provide strategic direction in cooperative venture for the long term successful future and ensure that every department has an effective coordination with other departments in order to bring about the organizational change. Lastly, they should overcome the challenges managers face in a transnational business environment when companies expand their operations into international markets. The managers need to assess the organization’s strengths and weaknesses and evaluate different forces which are present in the external environment. And then, Managers have to ensure that the company has sufficient resources, core competencies and capabilities.

Abstract
 1. Introduction
 2. Research Gap in the Literature
 3. Strategic Management for TransnationalCompanies
  3.1. The Suggestion of Goal, Vision forTransnational Organizations
 4. Strategic Management for TransnationalCompanies
  4.1. The Flow of Goods, Resources, andInformation while Developing a CoordinationSystem in a Transnational Organization
  4.2. Managing the Boundary, Managing theKnowledge Flows, and Providing StrategicDirection in Cooperative Venture
  4.3. The Challenges Managers face in aTransnational Business Environment and CSR
 5. Conclusion and Implication
 References

• Eungoo Kang(Doctoral student in Business Administration Program, Saint Mary’s University of Minnesota)
• Hee-Joong Hwang(Professor, Department of International Trade, Korea National Open University) Corresponding Author