Preview

Vision Of Danfoss Trata

Good Essays
Open Document
Open Document
1542 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Vision Of Danfoss Trata
1. Why is Danfoss Trata an example of the transnational type of company? Please argument and provide some examples of where this is visible.

Danfosse Trata belongs to Danfoss group with headquarter in Denmark, and fruit of the global economy, transnational companies like this are operating in different countries of the world. These corporations have headquarters in the home country and extend their field through subsidiaries.

That's what happened in this case, where the parent company, Danfoss, located in Denmark was "surrounded by the sea, where the entire world is seen as a marketplace, offering limitless possibilities for learning and sharing."

It was on this basis that Danfoss started to expand their business across borders "Exploring the paths of Danfoss and It, sketches examples of the power of transnational learning - When the Danish flatlands meet the Slovene valley mentality and shows the potential of the Slovene institutional environment from a transnational perspective" Ie Danfoss found in Slovenia a country with potential, that gave them more guarantees to develop their business activity. This was only possible with globalization, which intensified trade relations on a global scale, and in this sense, many companies such as Danfoss started to open branches in other countries.

As noted in the text, "Trata’s success lays in its transnational approach to using allegedly unfavorable and rigid specifics of the Slovene environment, leveraging them in ways that help drive their success not hinder it". Ie Danfoss took advantage of the multiple sources of competitive advantage of Slovenia to globalize the production of their product. On the other hand, there are weaknesses in this type of transnational because as mentioned in the text "If the rules are out of date or inappropriate the system has to be designed in such a way That You Have the possibility to change the things to make it work. At this we can change our organizational structure and standards

You May Also Find These Documents Helpful

  • Powerful Essays

    Egt1 Task 4 Essay Example

    • 2598 Words
    • 11 Pages

    In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful, these differences must be well understood.…

    • 2598 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Comm 103 Notes

    • 2234 Words
    • 9 Pages

    * Whether it is through operational growth strategic alliances, formal partnerships, mergers and/or acquisitions, the global marketplace is becoming home to an increasing number of businesses seeking to operate via an international-based business model.…

    • 2234 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    1. Discuss how the need for control over foreign operations varies with firms’ strategies and core competencies. What are the implications for the choice of entry mode?…

    • 135 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    There are many positive attributes for a company to expand in to a global market, globalization. (1, Premise) Economics are one of the key driving factors for an industry in any region of the world. While there are several other advantages to globalization besides economics we will first focus on the economy then further discuss other advantages later within this work. Many western nations have little appreciation for the efficiency of their regions markets in regards to supply and demand. These markets continue to expand and thrive because they aid in the growth of the economy. Since (nontemporal meaning) many countries rely not only on a vast market but also a source of jobs globalization can be a mutually beneficial aspect for not only businesses, but also the economies population. An organization that expands…

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    (ii) The company imports a large amount of resources from foreign countries; either the finished…

    • 2841 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    M. E. Sharpe Beamish, P. W. and Lupton, N. C. 2009. Managing Joint Ventures. Academy of Management…

    • 1312 Words
    • 16 Pages
    Powerful Essays
  • Satisfactory Essays

    1. The largest MNEs are equivalent in their economic importance to less developed economies such as Tanzania, Estonia or Sri Lanka.…

    • 2101 Words
    • 9 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Student: Writing and Essay

    • 3973 Words
    • 18 Pages

    Roen, Duane, Gregory R. Glau, and Barry M. Maid. The McGraw-Hill Guide: Writing for College, Writing for Life. 3nd ed. New York: McGraw-Hill, 2013. ISBN 978-0-07-340592-6…

    • 3973 Words
    • 18 Pages
    Satisfactory Essays
  • Powerful Essays

    Coffee and Starbucks

    • 2128 Words
    • 9 Pages

    Transnational corporations have had a tremendous impact on the interconnectivity that between countries, corporations, and people on a global landscape. Fueled by capitalistic ideals of increasing profits numerous corporations have expanded there operations into the global marketplace, some with much more success than others. One such transnational corporation that has embodied this pursuit of expansion in domestic and foreign markets for profit is the Starbucks Coffee Company. This company, which finds its roots in the opening of a single retail location in Pike place Market of Downtown Seattle in 1971, has been able to infiltrate into countless foreign domains and grow into a global powerhouse of the food and beverage industry with over nine thousand stores across the globe today in thirty-four countries outside of the Unites States.(Business Wire, 2005) Starbucks serves is an excellent specimen of a company that follows continual patterns of expansion directly correlating to increased access to foreign markets, and also the ability to nurture growth within these markets as well as gain access to new markets through the Market merging.…

    • 2128 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Culture Convergence

    • 363 Words
    • 2 Pages

    Since early days, time and distance has become borderless as business entities begin to grow and spread their roots all over the world. It becomes unavoidable for one country without being any related to other countries in any business. Each and every individual have their own culture and being proud of it, but when the relation between two entities (individuals or countries) happens, the cultures may converge due to obtain mutual understanding and avoid a conflict.…

    • 363 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Tnc Research Paper

    • 1383 Words
    • 6 Pages

    “Globalization” is a popular term that originated in the 1980s to describe the process of increased interconnectedness among nations, through the movement of people, information, investments and goods across national borders. The presence of Trans-national Corporations (TNCs) in many economies today has sped up the process of globalization and the impacts of TNCs is a hotly debated issue now. From an economic viewpoint, TNCs bring about more benefits than negatives to host nations and I will be illustrating this in the remaining part of my essay by bringing in TNCs like Nestlé, Nike, Monsanto and Walmart, just to name a few.…

    • 1383 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    The Constitution is important to me for many reasons. All other laws come from the Constitution. It says how the government works and it creates the presidency. It creates the congress. It creates the Supreme Court.…

    • 285 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    University of Delaware

    • 905 Words
    • 4 Pages

    1. In class we reviewed three firms in three different countries. The M/S Milad Nor Company in Afghanistan, Caritex in Bulgaria, and Obod in Montenegro. Each company was faced with different problems and issues. Please briefly summarize the similarities between the firms and their individual issues. How do the problems faced by these firms compare to problems faced by similar firms in more developed countries?…

    • 905 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Transnational Mentality means complex process of coordination and cooperation in an environment of shared decision making. The overseas company just likes a new company which is a little different from the parent company. They follow the parent company’s administrate but do the local-to-local business. It…

    • 781 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Individual Reflection

    • 2642 Words
    • 11 Pages

    Instructor of MBA522 lectured the class in a conversional way that made the student really think about the cases presenting in class. After the study of the strategies and theories, students would be requested to discuss a case and answer certain questions. In this way, students learned how to solve problems in the real world by using the knowledge learned in class. This teaching style trained me to deeply think about cases I read after class. One of my readings, The tortuous Evolution of the Multinational Corporation from textbook explains the concept of multinational corporation and explores the three stages of minds or attitudes in international enterprises (Howard V., 1969). My understanding towards multinational corporation came from previous experience. Siemens, a German electronic company I worked for, I considered the company as a multinational corporation. I made that assumption only based by my poor understanding of the word “multinational”. I believed that a multinational corporation was a company in which employees have different nationalities and various cultural backgrounds. This paper I read elaborates that a firm could not be a genuine multinational corporation even if it claims it is. The reasons of that situation can be various. In the paper, the author sorted different situations of international companies into three stages. Taken the firm Siemens as example, if the company claims that electronics made in Germany are the best and it markets itself as “a German company”, then it may, in the first stage, called home country attitudes, which is also called ethnocentric attitude. Companies in the first stage are pervasive. The second stage is the stage of host country…

    • 2642 Words
    • 11 Pages
    Satisfactory Essays