facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. Very large multinationals have budgets that exceed those of many small countries. Sometimes referred to as a "transnational corporation" A multinational corporation (MNC) or multinational enterprise (MNE) is a corporation enterprise that manages production or delivers services
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ADVANTAGES OF A MULTINATIONAL CORPORATION A multinational corporation (MNC) is a corporation that is registered in more than one country or that has operations in more than one country. In other words‚ business enterprise with manufacturing‚ sales‚ or service subsidiaries in one or more foreign countries‚ also known as a transnational or international corporation. Multinational companies provide some advantages in itself. Now‚ I am going to explain the advantages of these companies.
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Multinational companies are giant firms with their origin in one country‚ but their operations extending beyond the boundaries of that nation. For reasons of marketing‚ financial and technological superiority‚ these multinationals are generally considered as a sine qua non of the modernisation of an economy. They have been responsible for the rapid economic liberalisation in India in 1991‚ the question of the entry of multinational corporations (MNCs) has assumed significance. Multinationals
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Discuss the factors that a multinational company needs to consider in setting up a factory in a developing country? (20) A multinational company is any organization that has its headquarters in one country‚ but with operating branches‚ factories and assembly plants in other countries. A factory is an industrial building where workers gather and concentrate resources to manufacture goods and operate machine processing one product to another i.e. value adding. Developing country is a nation that
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How culture affects manager in international organizations. In the last few years globalization has been expanded all around the world in different areas and technology. International organizations have the same effect‚ organizations that want to have an adventure must require managers or leaderships with general awareness of cultural variables that may affect the business and make this a success or a flop. Since culture has become one of the main obstacles to standardize decisions and processes
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the common challenges faced by Malaysian multinational company is cultural diversity. Culture is the learned‚ shared way of doing things in a particular society. It is the way‚ for example in which its member eat‚ dress‚ greet and treat one another‚ teach their children‚ solve everyday problems‚ and so on ( Schermerhorn‚ Hunt‚ Osborn 2003). Cultural diversity in workplace refers to the range of differences between individuals in an organization. It affects the way in which people feel‚ think and
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How Local Companies Keep Multinationals AT BAY Contents 1. A Six-Part Strategy for Success 2. How One Local Winner Wove Its Strategy 3. Beating the Locals at Their Own Game 4. Fifty Homegrown Champions To win in the world’s fastest-growing markets‚ transnational giants have to compete with increasingly sophisticated homegrown champions. It isn’t easy SINCE THE LATE 1970s‚ governments on every continent have allowed the winds of global competition to blow through their economies. As policy
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mind when we say that culture influences productivity. Mozart in the morning does not necessarily mean that five extra tonnes of ore will be produced per employee per shift. When we speak of the culture of an organization‚ we refer to the behaviour patterns and standards that bind it together. Some organizational cultures encourage productivity; many do not. Culture should not be confused with climate. Climate is the short-term mood of an organization. Unlike culture‚ it is fragile and subject
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GENUINE DESIRES TO PROTECT CANADIAN CULTURE? Regarding the issue pertaining to the Canadian magazine dispute‚ it reasonable and acceptable that every community or individual try to preserve their culture and heritage through various means but which must not jeopardize the freedom of other individuals in such community. The step taken by the Canadian Government since 1920 is commendable with their effort to preserve the only means and channel to demonstrate there culture and that is the “magazine industry”
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How Culture Affects Communication Understanding how culture affects Communication comprehending the verbal and nonverbal meanings of a message is difficult even when communicators are from the same culture. When they come from different cultures‚ special sensitivity and skills are necessary. Every country has a unique culture or common heritage‚ joint experience‚ and shared learning that produce its culture. Their common experience gives people of that culture a complex system of shared values
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