Ibus 466 multinational management: a strategic approach. World is becoming one interconnected economy in which companies conduct business and compete anywhere and with anyone, regardless of national boundaries. Companies can no longer afford the luxury of assuming that success in their home markets equates to long term profitability or even survival. Multinational management the formulation of strategies and the design of management systems that successfully take advantage of international opportunities and respond to international threats. Multinational company (mnc) any company that engages in business functions beyond its domestic borders. Most mncs, are multinational corporations companies are publicly owned through stocks. Prominent new competitors can be found in countries such as china, south korea, brazil and. The globalizing economy: a changing (but not always stable) environment for business. Trade barriers are falling world trade among countries in goods and services grew faster than domestic production.