The old concept of Multinationals is changing towards transforming themselves as Transnationals. The three strategies adopted were national responsiveness (Multinationals), global efficiency (Global) and transfer of technology (International). These three strategies are currently being combined to build a new design of organization called Transnational. In view of these changes it is necessary to review the role of manager in this changing context. The first section deals with the global manager as perceived by the current Multinationals. Second section gives an overview of the Indian situation and corresponding skills required by the managers. Section III gives the nature of role dimension under different organizational set up in Indian context. Section IV gives the current practice of recruitment and placement of expatriates in Indian enterprises overseas.