Final answer:
Transnational teams are composed of members from multiple nationalities and operate across different countries, leveraging diverse skills and perspectives for global projects.
Step-by-step explanation:
Teams composed of members of multiple nationalities working on projects that span multiple countries are known as transnational teams. These teams are assembled to leverage the diverse skills and perspectives that each member brings from their unique cultural and national background. They are designed to function across national borders and typically use digital communication technology to collaborate, which is especially important given today's globalized business environment where organizations are increasingly operating internationally.
Transnational teams differ from other types of teams in that they do not confine their operation within a single country or culture. Instead, they embrace the complexities that come with cross-cultural communication, differing national regulations, and varied business practices. The effectiveness of transnational teams is a significant focus for organizations seeking to innovate and compete on a global stage. The rise in the number of transnational teams has been spurred on by advances in technology and the need for businesses to rapidly adapt to changes in the global marketplace.