Seminar Topic on Mnc

Topics: Corporation, Multinational corporation, Globalization Pages: 3 (972 words) Published: November 4, 2012
A multinational corporation (MNC) or multinational enterprise (MNE)[1] is a corporation enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation. They play an important role in globalization.

Corporations may make a foreign direct investment. Foreign direct investment is direct investment into one country by a company in production located in another country either by buying a company in the country or by expanding operations of an existing business in the country. [2] [3] A subsidiary or daughter company[4] is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock.[5][6] A corporation may choose to locate in a special economic zone, which is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws. [edit]Communication between different cultures

Multinational corporations need to deal with different cultures of their employees, partners, suppliers and customers. Cross-cultural communication (frequently referred to as intercultural communication) is a field of study that looks at how people from differing cultural backgrounds communicate, in similar and different ways among themselves, and how they endeavour to communicate across cultures. Intercultural competence is the ability of successful communication with people of other cultures. A person who is interculturally competent captures and understands, in interaction with people from foreign cultures, their specific concepts in perception, thinking, feeling and acting. Earlier experiences are considered, free from prejudices; there is an interest and motivation to continuelearning. [edit]Conflict of laws

Main article: Conflict of laws
Conflict of laws is a set of procedural rules that determines which legal system and which jurisdiction's applies to a given...
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