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Globalization: Ways where Multinational Enterprises Generate Economic Benefits - Essay Example

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The reporter states that evolution of business organizations have transcended barriers due to the rapid technological advancement that occurred within the last century. Moreover, the classifications and categories of enterprises continue to increase due to factors encompassing developments in time, space and culture…
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Globalization: Ways where Multinational Enterprises Generate Economic Benefits
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Globalization: Ways where Multinational Enterprises Generate Economic Benefits

Download file to see previous pages... As the components and diverse perspectives of multinational enterprises pervade global organizations, the research aims to proffer significant advantages and disadvantages that multinational companies derive from the host economy they currently operate in. The concept of globalization encompasses theories beyond the traditional view that global corporations merely do business abroad. Doing so would restrict and limit the nature and attributes of global organizations. In this regard, it is pertinent at this point to define and distinguish relevant terms concerning business organizations that would be used throughout the essay.
Business organizations exist for a particular purpose. The distinguishing characteristic that differentiates one from the other is the market where each operates. Domestic business organizations seek a license to operate in their national environment. When businesses begin to operate across their national borders, then they begin to be classified as international businesses. Lee Iwan, a professional with extensive cultural and international experiences international business proffered a clear distinction between global, transnational, international, multinational organizations. He averred that international organizations are considered either importers or exporters of products and services with absolutely no financial investment across borders. Multinational companies, on the other hand, have investments across borders. However, the products and services offered in foreign markets are adapted to local situations.
Global organizations have predominantly more investments in various foreign markets. Their strategy employs a coordination of one brand and image in each and every market. There is a centralized corporate office which oversees the implementation of a global strategy emphasizing the management of costs, volume, and increased efficiency.
In global organizations, culture plays an important part in influencing and affecting the host organizations’ operations in terms of interacting with a collective group of people, whose values, beliefs and traditions are diversely variant from theirs.  ...Download file to see next pagesRead More
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