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  • Essay / The multinational corporation: The multinational...

    The multinational corporationIntroductionA multinational corporation or global enterprise [1] is an organization that owns or controls the production of goods or services in one or more countries other than its country of origin. 'origin. [2] It may also be called an international corporation, a “transnational corporation” or a stateless corporation. [3] One of the first multinational companies was the India Trading Company [4] and was established around 1600, around 1602 the Dutch India Trading Company was established and remained the largest company in the world for almost 200 years. [5] When we think of multinational corporations, the ones that come to mind are FedEx, Exxon Oil and Gas, United Airlines, Coca Cola, McDonalds, Microsoft and, according to the McDonald's Corporation website (as of January 2015), McDonald's. '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 McDonald's restaurants in the United States, Canada and Mexico and although the menus are not all that is different and how it is displayed is very different. The United States, Canada, and Mexico have roughly the same requirements, including nutritional value, and the way they must be listed is very different. Not all countries require them to be listed and some have no labeling laws at all. This is why it is important that they have the ability to control their own product production, not only for quality but also for safety, because language would definitely be a problem, the world has many languages ​​and the same word in English may have a different meaning in another country. The same document might need to be produced in 5 or 6 different languages, interpreters might be needed in some cases. Cultural differences may require different delivery times in the case of FedEx, a totally different menu for McDonalds, uniform styles may need to be adjusted so as not to offend certain cultures. The world is not on the same calendar when it comes to vacations, schedules should certainly be adapted. Banking and financial transactions involving many different currencies, taxes, exchange rates which change quite often, financing if necessary. While most multinational companies have offices in the countries in which they operate, some do not. With advancements in technology, managing daily operations would be easier than 5 years ago, technology can't do it.