Technology Transfer in Multinational Enterprises

Technology transfer in multinational enterprises refers to the process of sharing technology, knowledge, and expertise across borders within a company. This can involve moving advanced machinery, software, or research findings from one country to another to improve production, innovation, and competitiveness. By facilitating this exchange, companies can enhance efficiency, adapt to local markets, and leverage global talent. Ultimately, technology transfer helps businesses grow and innovate while also contributing to the development of local economies and industries in different regions around the world.