Issues relating to the Management of Multi-National Corporations
IBO 1007
Introduction to Management
Assignment - 3
Issues relating to the
Management of
Multi-National Corporations
There has been a significant evolution in the importance and operation of multi-national corporations globally in the past century. Multi-national corporations are companies or enterprises that manage production or deliver services in more than one country. A multi-national corporation has its management headquarters in one country, known as the home country, and operates in several other countries, known as host countries. They are also referred as MNCs or international corporations. Coca-cola company, Apple Inc., IBM, Unilever, etc. are some of the examples of multi-national corporations. The Dutch East India Company was the first multinational corporation in the world and the first company to issue stock. The first modern multinational corporation is generally thought to be the East India Company. Many corporations have offices, branches or manufacturing plants in different countries from where their original and main headquarters are located. Some multinational corporations are very big, with budgets that exceed some nations' GDPs (Gross Domestic Product). Multinational corporations can have a powerful influence in local economies, and even the world economy, and play an important role in international relations and globalisation. For my essay, I would like to focus on the issues of managing a multi-national corporation, by taking into account that the management includes not just the supervisory and production focused approaches on management, but also the administrative issues. As the size of the corporation increases, so do the opportunities and threats, which mean managing a multi-national corporation becomes more complex. Every Multi-national corporation has to work under strict laws and regulations, some of them specifically ruling only over the MNCs, rather than all the companies. Globalisation began during the late
Introduction to Management
Assignment - 3
Issues relating to the
Management of
Multi-National Corporations
There has been a significant evolution in the importance and operation of multi-national corporations globally in the past century. Multi-national corporations are companies or enterprises that manage production or deliver services in more than one country. A multi-national corporation has its management headquarters in one country, known as the home country, and operates in several other countries, known as host countries. They are also referred as MNCs or international corporations. Coca-cola company, Apple Inc., IBM, Unilever, etc. are some of the examples of multi-national corporations. The Dutch East India Company was the first multinational corporation in the world and the first company to issue stock. The first modern multinational corporation is generally thought to be the East India Company. Many corporations have offices, branches or manufacturing plants in different countries from where their original and main headquarters are located. Some multinational corporations are very big, with budgets that exceed some nations' GDPs (Gross Domestic Product). Multinational corporations can have a powerful influence in local economies, and even the world economy, and play an important role in international relations and globalisation. For my essay, I would like to focus on the issues of managing a multi-national corporation, by taking into account that the management includes not just the supervisory and production focused approaches on management, but also the administrative issues. As the size of the corporation increases, so do the opportunities and threats, which mean managing a multi-national corporation becomes more complex. Every Multi-national corporation has to work under strict laws and regulations, some of them specifically ruling only over the MNCs, rather than all the companies. Globalisation began during the late