“Multinational corporations (MNC) or multinational enterprises (MNE) are the organizations which own or control their products or services and facilities in one or more countries other than the home country.” (Pitelis & Sugden, 2000) Since the implementation of the policy of reforming and opening to the outside world initiated by Deng Xiaoping who was the Chinese revolutionary and statesman in 1978, Chinese national economy and international trade have made great achievements in a tenfold improvement of Gross Domestic Product (GDP), it has also influenced on the integration of foreign companies. (Idrissov, 2014 ) In addition, China was approved for entering the World Trade Organization (WTO) in 2001, made it open wider through the whole world. (World Trade Organization, 2001)Foreign multinationals are in the favor of investing Chinese market based on the preferential policies like lower cost and fewer risks in a rapid upward trend, many international brands have succeeded in the mainland China like BMW, McDonald 's and IBM. On the other hand, numbers of Chinese cooperation actively involve themselves in the process of globalization as well, following as the instructions of “go out” and “go global” by the Chinese National Development and Reform Commission, for instance, Huawei Technologies, Tsingtao Beer and Bank of China. (Browning, 2014)
It is undoubted that Chinese multinationals have taken up a large share of the world market, whereas, it is not easy for them to have predominance on international businesses. There is a common phenomenon that many Chinese multinational enterprises prefer to export products by processing at hom...
... middle of paper ...
...of business strategies. After that, the government should encourage the transnational operations consulting industries to better service for the related aspects of the Chinese multinational cooperation. Last but not least, the company management should specify the structure. According to the needs of international operations following the guidance of market strategy, adjust the organization structure and guide the companies to perfect the governance and international brands. “The world’s largest companies are globalizing, localizing and reorganizing.” (Kramer, 1995) The Chinese multinationals will adapt to the new stage and lead in the world by the enhanced social responsibility, good image and deep understanding about international rules, aiming to the specific goals, clear path, cost-effective investment and convenient operation standard and harmonious management.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- “Multinational corporations (MNC) or multinational enterprises (MNE) are the organizations which own or control their production or services and facilities in one or more countries other than home country.” (Pitelis & Sugden, 2000) Since the implementation of the policy of reforming and opening to the outside world by the Chinese government in 1978, Chinese national economy and international trade have made great achievements in a tenfold improvement of Gross Domestic Product (GDP), it also influence on the integration of foreign companies.... [tags: Globalization, Multinational corporation]
2005 words (5.7 pages)
- ... With the support of global leaders, we can build a sustainable world. Many of the world’s largest companies own land and have ties with endless communities, so corporations are the forefront of social and economic change that will determine if our society can become sustainable. Since multinational businesses run the world, sustainability within business is a way to initiate major change in terms of our society’s opinion and commitment to sustainability. As Richard T. Watson states in his book Information Systems, “organizations are the major force for innovation in most societies, and corporations in particular are major change agents” (Boudreau).... [tags: Multinational corporation, Corporation]
938 words (2.7 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 growth opportunities. Although at the start of China’s reform era the nation was underdeveloped relative to the powerful nations of the world, it has been able to close the gap significantly over the recent years.... [tags: Multinational Corporations (MNCs)]
2287 words (6.5 pages)
- Regional Trade Agreements and Global trade liberalization are common terms that are used to analyze different market structures in the market. According to international economics, RTAs (Regional Trading Agreements) are the agreements in which members give each another privileged treatment with respect to the extent by which the trade barriers have been established. On the other side, Global Trade liberalization is a general term referring to the depletion of trade boundaries globally to ensure free trade among all state.... [tags: Multinational Corporations (MNCs)]
1712 words (4.9 pages)
- MNC also called as Multinational Corporation, is an enterprise operating in several countries but managed from home country, for example, Nike, Coca-Cola and BMW. Such companies have offices and factories in different countries also have head office where they co-ordinate global management. Multinational firms arise because capital is much more mobile than labour, since cheap labour and raw material are located in other countries, multinational firms establish there. The advantages of multinational companies including, create jobs, wealth and improved technology in countries that are in need of such development, benefit from economies of scale, and lower output by purchasing automated equipm... [tags: Multinational corporation, Globalization]
1052 words (3 pages)
- A Multinational Corporation, also known as MNC, is a corporation that has its facilities and other assets in more than one country, in addition to its home country. These corporations operate comprehensively in more than one country by having a main office in a centralized location where they systematize global management and have offices and/or factories in different countries. Multinational Corporations may participate in numerous activities such as manufacturing, importing and exporting in different countries.... [tags: Corporation, Multinational corporation]
1200 words (3.4 pages)
- Multinational corporations also called MNCs or transnational corporations, it is a registered company that operates in multiple nations. “A multinational is a firm has its headquarters in one country and branches, manufacturing or assembly plants in others. In other words, it is mot just an exporter. It has business operations in several countries.” (Surridge, 2014) To be more simply, any company that gained a quarter of company’s revenue comes from domestic are called multinational corporations.... [tags: Multinational corporation, Corporation]
1400 words (4 pages)
- In the business world, Management Information Systems (MIS) is one of the most important departments in business organizations and the main means of MIS is risk management. Business companies in general face different and varied risks as a result of activities which occur within the organization. In addition, companies are influenced by external factors such as economic and political conditions. However, multinational companies encounter more complicated risks, especially because of the scarcity information about the new environment.... [tags: Multinational Corporations (MNCs)]
1098 words (3.1 pages)
- The management orientation adopted by multinational corporations can incorporate the need for expatriates and repatriates. There are inherent challenges for these individuals since there is a culture shock which requires an adjustment. This adjustment or lack thereof has caused a crisis for multinational corporations. These individuals often return early or fail at their given assignment. This can be a costly endeavor for organizations and they must improve their abilities to manage and educate these individuals before and throughout their assignment.... [tags: Corporation, Multinational corporation]
1464 words (4.2 pages)
- Diversity has yet to be clearly defined, but it is an integral part of a multinational organization. In the high-paced world that is thriving today, a company must inhabit all areas of diversity from the people they employ to the way they communicate to further their growth over a diversity of lands. The multinational companies of the hotel industry are constantly competing with one another to develop innovative ideas that will uphold a diverse world. Many hotel corporations have just begun to develop a diversity team.... [tags: Multinational Corporations (MNCs)]
982 words (2.8 pages)
- Imperialism : A Very Fine Line Between Imperialism And Imperialism
- The Ethics Of The Three Strikes Law
- Factors That Affect The Economy Arise From Changes? Demand, The Levels Of Investment And Consumption
- Diligence Is A Virtue By Atul Gawande
- Swot Analysis Of Beltran 's Strategic Position
- The Life Of Frederick Douglass And A Lesson Before Dying Written By Ernest Gaines