“…The new focus involves 'glocal' (Arenas and Ayuso, 2016;Chaudhri, 2006;Jain and De Moya, 2013), 'transnational' (Bartlett and Ghoshal, 1989;Bondy and Starkey, 2014;Brown and Knudsen, 2012;Husted and Allen, 2006;Ruud, 2002) and 'regional' strategies that combine elements of both the global and local approaches. A glocal strategy balances central sustainability standards, for example, standardised issues of global concern such as planetary environmental issues, health, and education, with interpretation and resolution in a locally sensitive manner (Jain and De Moya, 2013). The transnational sustainability strategy, promotes an iterative process: global standardisation to increase administrative efficiency and cost competitiveness, local adaptation to the cultural, social, and environmental aspects of host countries, and feedback through the dynamics of global learning and global application of local experiences (Cruz and Boehe, 2010).…”