The Multinational Corporation And Worldwide Enterprise Essay

The Multinational Corporation And Worldwide Enterprise Essay

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The Multinational Corporation

Introduction
A multinational corporation or worldwide enterprise [1] is an organization that owns or controls production of goods or services in one or more countries other than their home country. [2] It can also be referred as an international corporation, a "transnational corporation", or a stateless corporation. [3]

One of the first multinational businesses was the India Trading [4] company and was created around 1600, around 1602 the Dutch India Trading company was created and remained the largest corporation in the world for nearly 200 years. [5] When we think of Multinational Corporations a few the ones that come to mind are FedEx, Exxon Oil and Gas, United Airlines, Coca Cola, McDonalds, Microsoft and let’s not forget Facebook.
The effect just those 6 companies have had on the world markets are amazing. According to the McDonald 's Corporation website (as of January 2015), McDonald 's has, "retailers in more than 100 countries, with more than 36,000 restaurants serving approximately 69 million people every day."[5} I have eaten at McDonalds restaurants in the United States, Canada and Mexico and while the menus are not all that different what and how it is displayed in very different. The United States, Canada & Mexico have pretty much the same requirements such as nutrition facts the way they need to be listed is very different. Not all countries require they be listed and some have no laws whatsoever with regard to labeling, this is why it is important that they have the ability to control their own production of goods not just for quality but safety as well.
The company I work for makes sure when we go to an international location, we have ice and water that are safe to drink and come...


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Can you imagine the struggles they must have faced in the 1600’s.



References
1. Pitelis, Christos; Roger Sugden (2000). The nature of the transnational firm.
Routledge.p. H72. ISBN 0-415-16787-6.
2. http://www2.econ.iastate.edu/classes/econ355/choi/mul.htm
3. Roy D. Voorhees, Emerson L. Seim, and John I. Coppett, "Global Logistics and Stateless Corporations," Transportation Practitioners Journal 59, 2 (Winter 1992): 144-51.
4. http://yaleglobal.yale.edu/about/globalinc.jsp "GlobalInc. An Atlas of The Multinational Corporation" Medard Gabel & Henry Bruner, New York: The New Press , 2003. ISBN 1-56584-727-X
5. http://www.kb.nl/themas/geschiedenis-en-cultuur/koloniaal-verleden/voc-1602-1799 VOC at the National Library of the Netherlands (in Dutch)
6. Anup Shah, Fair Trade, Global Issues Updated: August 06, 2000http://geography.about.com/od/lists/qt/mcdonalds.htm

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