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International Business - Assignment Example

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The writer of the essay "International Business "suggests that only local executives are able to understand the local’s needs much better than any other foreigner. Multinationals company goal is maximizing profits and through more involvements individuals identify more with the company…
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International Business
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An International Business Paper In a contemporary world that is dynamic and full of opportunities, opinion and views held about a multinational company don’t just vary in United States but throughout the world (Heenan et al., 17). My view of multinational company is expansive, but I tie it broadly to the attitudes of executive, internal structures, and operations.
In a broader view, multinational companies should be the one that not only brings capital, but use local talents to tap into the growth of the company. I hold a view that due to the diversity of cultures, taste and preference within a country vary. In my view only local executives are able to understand the local’s needs much better than any other foreigner. Multinationals company goal is maximizing profits and through more involvements individuals identify more with the company.
Polycentric basis offers the best approach to understanding of multinational. It goes beyond shallow view of multinationals. No single yardstick, such as percentage of investments abroad, location of headquarters and equity proportion are generalized to give the context. Polycentric approach to can is preferred since it is host country oriented in other words loosely connected bunch of quasi-subsidiaries as centers. Unlike other approaches to the meaning of a multinational company. Polycentric which arise from beliefs that MNC may be tightly knitted by perfect financial controls. This is in reality is true as more often than not home office leaves subsidiaries ‘alone’. Nurturing of skills at host locations makes operations easy, and logistics and multinationals should be able to be considered as one through attitude (Birkinshaw et al., 25).
References
Birkinshaw, Julian, Sumantra Ghoshal, and Constantinos Markides. The Future of the Multinational Company. Chichester: John Wiley & Sons, 2004. Internet resource.
Heenan, David A, and Howard V. Perlmytter. Multinational Organization Development. Reading, Mass: Addison-Wesley Pub. Co, 1979. Print.
Kreitner, Robert. Management. Boston: Houghton Mifflin Co, 2009. Print. Read More
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