We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Discuss the role of multinationals in the globalisation of innovation - Essay Example

Comments (0) Cite this document
Summary
The role of multinationals in the globalisation of innovation (Name) (Institution) (Course) (Tutor) (Date) Introduction The main drivers of economic globalisation are technological change and the increasing significance of multinational enterprises (MNEs) in expanding the dependence of locations and economic systems across continents and regions…
Download full paperFile format: .doc, available for editing
Polish This Essay94.2% of users find it useful
Discuss the role of multinationals in the globalisation of innovation
Read TextPreview

Extract of sample
"Discuss the role of multinationals in the globalisation of innovation"

Download file to see previous pages Strategies employed by MNEs in the globalisation of innovation One strategy used by MNEs is foreign direct investment (FDI) where MNEs acquire existing assets abroad or set up new wholly or majority owned investments abroad. Other modalities of spreading innovation by MNEs include trade, licensing, cross-patenting initiatives, and international scientific and technological collaborations. Trade involves the exchange of sophisticated products such as electrical and electronic products, precision instruments, fine chemicals and pharmaceuticals (Narula and Zanfei, 2003, P.7). Exports of such products and especially information and technology products worldwide rose from 8% in 1976 to 23% in 2000. The massive increase in the share of world trade represented by research and development intensive sectors signals an increase in globalisation of innovation (Narula and Guimon, 2009, P.5). There has been a steady growth in international patenting trends characterised by non-resident patenting, which is patent applications of foreign investors in a country, and external patenting, which is patent applications of national investors abroad. ...
STPs are more common in the domain of biotechnology, new materials and information technology and oftenly involve Triad nations rather than emerging economies. Developed nations’ firms take up over 90% of STP agreements while the share of STPs involving developing country firms is in the range of 5-6%. 70% of all STPs have had at least one US partner since 1960 (UNCTAD, 2005, P.51). The concentration of STPs in highly industrialised countries together with the involvement of American firms can be attributed to the fact that industrialised countries are the largest investors in R&D (Welfens, 1999, P.342). As a result of government regulation, some MNEs are forced to adopt STPs in place of internal innovation. Such situations include where firms form R&D alliances aiming to enter foreign markets protected by non-tariff barriers such environmental regulation in the chemical industries or safety standards in the automobile industry. STPs are common where partner companies share complementary capabilities and the integration creates a greater degree of interaction between the partner’s respective paths of learning and innovation. Cooperation helps firms keep up with technological advancements and assists firms in exploring and exploiting emerging technological opportunities (Chen, 2003, P.397). MNEs engage in considerable intra-firm and inter-firm trade with industrialised countries, and this contributed almost 90% of all outbound FDI in 2001. Most of the firms engaged in FDI are also key players in the generation and diffusion of innovation. Over 30% of the top 100 MNEs are involved in R&D intensive industries such as electronic and electrical equipment, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discuss the role of multinationals in the globalisation of innovation Essay - 1”, n.d.)
Discuss the role of multinationals in the globalisation of innovation Essay - 1. Retrieved from https://studentshare.org/management/1470387-discuss-the-role-of-multinationals-in-the
(Discuss the Role of Multinationals in the Globalisation of Innovation Essay - 1)
Discuss the Role of Multinationals in the Globalisation of Innovation Essay - 1. https://studentshare.org/management/1470387-discuss-the-role-of-multinationals-in-the.
“Discuss the Role of Multinationals in the Globalisation of Innovation Essay - 1”, n.d. https://studentshare.org/management/1470387-discuss-the-role-of-multinationals-in-the.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Discuss the role of multinationals in the globalisation of innovation
This phenomenon has been attributed to the concept of globalization which has allowed these firms not only to be in monetary terms bigger than many states but also defy territorial boundaries. As stated in the 2002 article published by U.N. Conference on Trade and Development that 29 of the world top 100 economies in the world were multinational corporations rather than states.
8 Pages(2000 words)Essay
Discuss the Role of Multinationals in the Globalisation of Innovation
According to the paper spread of innovations has improved lives and operations in very many parts of the world. The ten types of innovations include business model innovations; enabling process innovations; core process innovations; product system innovations; service innovations; channel innovations; brand innovations; customer experience innovations; product performance innovations; and network and alliance innovations.
10 Pages(2500 words)Essay
The rise and growing role of multinational enterprises from the Asia Pacific in the global economy
The globalizations of the market have resulted in some of the dramatic changes with relation to supply and demand globally. One example of such change is the FDI (Foreign Direct Investment). FDI has increased at a rapid rate even faster than the global GDP.
6 Pages(1500 words)Essay
Role of Multinationals on Productivity of Firms
For a multinational to be successful it must have location advantage, internalization advantage and ownership advantage. Statistical analysis on available data on several economies acts as evidence to this cause. In the 1990’s, Venezuela’s largest contribution of foreign income was from external investments Aitken and Harrison (1999).
9 Pages(2250 words)Essay
Discuss the role of university research in innovation in the knowledge economy
Role of Universities in Research and Innovation. Research is important in that it produce knowledge, which is applied inside and outside research setting. It forms a foundation of innovation improvement and policies in all parts of the universe. There are two types of research, the basic and applied research.
9 Pages(2250 words)Essay
The Role of Innovation
Moreover, while 90 per cent of transport (road/rail/air/sea) depends on oil, resources are declining. After a hundred years of exploration and extraction, few new oil reserves are being found. If supply declines and demand continues growing, the world could encounter serious shortages.
4 Pages(1000 words)Essay
Management in Context
This question involves the discussion of 'globalisation' in the context of management and its implications and impact upon a manager's job When we look at Globalisation in the wider perspective the last many decades or so have witnessed changing conceptions of the role of the state ,a trend especially dominant in the nineties particularly in relation to the institutions like IMF(International Monetary Fund) and the World Bank (hereafter referred to as the Bretton Wood institutions or BWI's).This led to an overall increase in the role of Market-Friendly Policies (MFP's)in de-emphasizing the role the State in the interests of promoting long term and efficient economic development.
17 Pages(4250 words)Essay
Discuss the role of multinationals in the globalization of innovation
ays and means for them to generate a high level of competitive advantage as they make use of competitive strategies, advancement of the cutting-edge technology and the prevailing global trends. In other words, these global enterprises have important role in the ongoing process
8 Pages(2000 words)Essay
Importance Of Internal And External Communication Strategies
Internal communication is a very important component in international marketing and an essential part of multinationals that is far more vital compared to domestic organizations. Internal communication serves different functions in an organization such as expressive function, informative function, social function, and control function.
6 Pages(1500 words)Essay
Discuss the role of innovation management in relation to strategic, international marketing and corporate objectives
In innovation management, all the new things are viewed from the context of new concepts, which make people and business to move away from the existing solutions (Trott, 2008). Moreover, Dodgson, Gann and Phillips (2013) define innovation management as an important
9 Pages(2250 words)Essay
Let us find you another Essay on topic Discuss the role of multinationals in the globalisation of innovation for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us