This website uses cookies to ensure you have the best experience. Learn more

Globalization And The Development Of Multinational Corporations

909 words - 4 pages

We all know that globalization leads to the development of multinational corporations which corporations or enterprises manage the production and delivery of their products in more than one country. It is an important factor of globalization that it makes more competition in the local market. This can lead to the higher quality products that the consumers in the local market can benefit. And it also creates more job opportunities for local employees. Even though it can brings some disadvantages to the changes in the local consumers and their living environment.

Together with the appearance of more and more multinational corporations, it will bring some difficulties as the cultural ...view middle of the document...

’ Globalization brings both the good and the bad the developing countries, so it makes them consider and be careful with its influence (Hiscoz, 2007).

Because of the globalization, the managers in multinational corporations have to deal

with business ethics in their daily work (Singh, Jindal, & Samim, 2011). This issue had been investigated in their study in the organizations of international human resource management, international financial management, international marketing, production, and information and communication technology. This study concluded that ‘ethical business leadership is crucial for long term success of the organization’ (Singh, Jindal, & Samim, 2011). Therefore, the issue of business ethics is really essential in international trade, especially in multinational corporations.

The differences of cultures in managerial styles can make ‘a big impact in employee and

company performance’ (ELM Team, n.d.). Knowing the differences and how the cultural

differences influence your work will help you overcome many obstacles in your managing position. In their paper, ELM indicated the three differences in management culture between the US and China which affect a lot in doing business among organizations of two big and close trading partnerships. Three factors of their differences, ‘Responsibility and Accountability, Perception of time, and Individualism vs. Collectivism’ were investigated in their paper (ELM Team, n.d.). They are really important for any corporations or organizations in the world, not only the US who want to do business with China need to have a good understanding of Chinese culture to be more successful in doing business with Chinese.

To have a clearer view of managerial culture in China, we can have a look at the study by

Child & Warner (2003) on Culture and Management in China. They looked into the history of economical background, the societal culture, corporate culture, managerial...

Find Another Essay On Globalization and The Development of Multinational Corporations

Multinational Corporations, Their Challenges and Successes

2096 words - 8 pages strength and security (Reddy & Vyas, 2004). Development of globalization International trade and direct investments have become progressively significant in the world’s economy (Griffin & Pustay, 2010). There are several elements that have contributed to the development of globalization. International trade has intensified due to technology. The internet has become a clear passage for service organizations to move into the global arena. The

Indian Multinational Corporations and Corporate Social Responsibilities

2257 words - 9 pages ), MNEs (Multinational Enterprises) and global corporations. The Term multinational corporation is most commonly used in business and academic circles. We too follow the same trend. Corporate social responsibility is about seriously considering the impact of the company’s decision and actions upon the environment and the society. The dependence of any business on its social and ecological environment is so comprehensive that the very existences

The Implications of Multinational Corporations Stepping Into the Role of the State

1682 words - 7 pages organizations and multinational corporations (MNCs), the supremacy of states is fundamentally being challenged as “the relationship between [states] and companies is changing . . . they are becoming more like each other. But in other respects they are beginning to exchange roles.” NGOs and MNCs have become more prominent in countries and have begun to replace states in their duties to society. This paper will support how the growing number of NGOs and

Obligations of Multinational Corporations When Operating in Third World Countries

1009 words - 4 pages Moral challenges for business in the United States are difficult enough when you consider the balancing profit interests against the needs of consumers, employees, governments and special interest groups. Multinational corporations mainly refer to large corporations based in Western Europe, North America, and Japan who operate manufacturing and other business facilities in underdeveloped countries.These large global companies exert enormous

The Topic of Power and Transnational Corporations

2578 words - 10 pages ), Global Reach: the power of the Multinational Corporation, Lowe and Brydone: NorfolkGiddens Anthony................................................................Hansen, Peter (1988), Transnational Corporations in World Development: Trends and Prospects. New York, United Nations PublicationKorten C. David (2001), When Corporations Rule the World, 2nd edition, Connecticut: Kumarian PressMonbiot George (2001), Corporate State: the corporate take

Corporations and the economy

1427 words - 6 pages Corporations and the Economy      Economics is a very broad yet complex subject. Sometimes, in order to get a better view of the picture as a whole, it is useful to make an up-close and in-depth analysis of the elements which make up an economy. Examining the details of this topic can offer a revealing look into what composes a complex society such as that of America. Two very basic elements to be reviewed are

Globalization and Sustainable Development

1986 words - 8 pages factors, fail to account for societal and environmental concerns (Byrnea & Gloverb, 2002). Other researchers point at the intensive use of resources, especially by global corporations; such as the increasing and careless consumption of fossil fuels, water, precious metals, etc. leading to a rise in GHG (Starke, 2002) (United Nations Development Program (UNDP), 2000). Most fervent opponents go as far as to call ‘sustainable development’ an oxymoron

Globalization and Transnational Corporations: Ethics and Global Climate Change

1058 words - 4 pages vaccinations to prevent the children from receiving the virus. Another disadvantage that coincides with globalization is how these large transnational corporations will have the majority of the labour force in developing countries where the minimum wage is significantly lower and because of this they are leading to exploitation of the worker. Looking at statistics giving by the International Labour Organization (2009) one can see the difference in the

Industrialization and the Rise of Corporations, 1860-1900

979 words - 4 pages The closing decades of nineteenth century witnessed a dramatic change which affected all aspects of American life; central to this change was the emergence of giant industrial corporations that differed from earlier enterprises in many ways, at the internal level: on how they were financed, structured, and managed, and on the external level: the consequences of this industrialization on the larger American society

Impact of Globalization on Russia’s Political and Economic Development

1644 words - 7 pages others anywhere in the globe. This astonishing ability for global organizations is a product to the recent innovations and inventions. The political dimension mainly involves the reduction of the sovereign state due to the increase of multinational businesses. Socially, globalization has a great impact on how people today mingle and create relationships. The social mix has highly been affected by globalization and vice versa in that there is a new

Economic Globalization and Organization Development

1172 words - 5 pages impact of economic globalization that might occur is associated with the influx of multinational corporations that cause unemployment and poverty to soar up in the short-term. Multinational companies introduce automation in agricultural and manufacturing sectors in developing countries that previously were labor intensive. Automation of these two sectors makes unskilled and uneducated workers to be less needed and is what causes the increase in

Similar Essays

Globalization And The Rise Of Multinational Corporations And Branding

1448 words - 6 pages Globalization and the rise of multinational corporations and brandingA further, crucial aspect of globalization is the nature and power of multinational corporations. Such companies now account for over 33 per cent of world output, and 66 per cent of world trade (Gray 1999: 62). Significantly, something like a quarter of world trade occurs within multinational corporations (op. cit). This last point is well illustrated by the operations of car

Multinational Corporations In China And Local Human Capital Development

2215 words - 9 pages Introduction China’s modern economic growth has been progressing on a scale that is unparalleled in the history of any nation, sustaining a growth rate of about 10% per year for the past 25 years. This is even more remarkable considering that the world is at a stage of transformation and globalization. In such times, countries with higher levels of technological development and human capital are naturally positioned to take advantage of the new

Multinational Corporations And The Destruction Of The Family

1563 words - 6 pages development assistance, the IMF and World Bank often necessitate economic reforms that make nations increasingly vulnerable to the harm that unchecked multinational corporations can inflict to a nation's population. Two examples provided in the textbook were the economic reforms(increased privatization and an adoption of a free market economy) required by the IMF and World bank in Indonesia and Russia. These organizations impose these requirements to

International Factors And Multinational Corporations Essay

1741 words - 7 pages increment of employment level, improved living standards, development and social well being of the citizens in the member states. Ideally, there are steps that are deemed essential for the success of the initiatives related to the disorientation of the trade barriers within trade regions. It is essential to point out that the process of amending the technical trade barriers requires a set of rules and measure that are aligned within the regional