Final answer:
Developing effective transnational teams is considered essential in light of the increasing proliferation of foreign subsidiaries and joint ventures.
Step-by-step explanation:
The correct option considering the increasing proliferation of foreign subsidiaries and joint ventures is developing effective transnational teams. As organizations expand globally and operate across different cultures and countries, it becomes crucial to build teams that can effectively collaborate and communicate across borders. Transnational teams are formed by bringing together individuals from different nationalities, backgrounds, and cultures to work towards a common goal. These teams help in leveraging diverse perspectives and skills, enabling organizations to navigate challenges and seize opportunities in the global business environment.