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Consequence globalization is transnational corporations One consequence of globalization is that transnational corporations have become increasingly adept at creating new ways of organizing and outsourcing production. Large multinational firms are the drivers for the globalization of research and development and innovation activities.
The importance of globalization and transnational corporations are increasingly becoming popular Hedlund,one of the main reasons for that is the fact that transnational corporations are one of the major actors in the global economy and the leading figures in the economic growth.
These corporations tend to satisfy demands of people from distant lands and provinces Held and McGrew, Transnational corporations TNC are considered one face of globalization, and its emergence is a consequence of globalization and the cross-border interdependence, moreover it is considered, nowadays, the fastest growing form of transactional relationships Held and McGrew, ; Scholte, ; Ravenhill, This essays aims to focus on the economic face of globalization: How these huge institutions have come to be, and how they almost filled up 50 percent share of the global globalization and tncs essay writer market, using contemporary methods such as outsourcing and off-shoring.
One of the top main transnational corporations is going to be thoroughly viewed which is the athletic wear corporation, based in the United State; Nike. What is its strategy to deal with globalized economy? After offering a review on the transnational corporations as a consequence of globalizations, a critique on the challenges these corporations face will be demonstrated.
Globalizations overview The aspect of globalization is not a new one, but rather evolved starting with history of invasions, colonialism and trading, telegraph and international financial operations, and the unbalanced patterns of production Scholte, Its emergence has destroyed the amount of national industries that use national raw material because even the raw materials are now being shipping from across the glob Marx and Engels, One of the characteristics of the contemporary global economic system is globalization and the interdependence of regions, in respect to trade, services and much more.
Stonehouse, et al, As the prophet of media Marshall McLuhan augured the First Coming of the "global village" and the as a result ways of operating and production, outsourcing, trade and foreign exchange were facilitated.
So what does globalization means? Not different from other international business terms, there is not one definite terminological definition for globalization, but it is agreed on, from around the world as the cross-border transactions amongst countries as well as normative and political commitments it is also referred to as international economic integration Bentham, ; Suganami,globalization is moreover illustrates a borderless combined nations and capitals Scholte, The proliferation of global talk was intense at different fields of education, sociology, business, globalization of market and also in international relations starting in the early s Scholte, Since the s globalization has become a major academic growth industry Scholte, Ways of production, outsourcing and off-shoring became easier because of globalization.
That led to the emergence of multiple world trade and foreign exchange institutions. Koehane and Nye,WTO, This golden age encounters a widespread expanding of interconnectedness of human affairs, economies, traditions and world systems. Consequently, it is obvious to realize the disparity between internal and external, affairs, domestic and international and local and global arenas, this notes that the world has become more complex and knotted.
Modelski, ; Walerstein, ; Keohane and Nye, Transnational Corporations Transnational corporations are generally known as the network of enterprises that shape up the activities and assets in global economy Modelski, What are their stategies?
What are the challenges they face? According to Held and McGrewtransnational corporations are the party that most benefit from the fast changes in globalization, through technology and innovation. There ways of operating were facilitated as it became easier to outsource and offshore and yet main its control on all or parts of the global commodity chain Korzeniewicz, Over the past 3 decades, according to Ravenhillthe geographical extension of nations allows the outsourcing production in the most dynamic industrial sectors, investment in overseas production dominating these processes are the transnational corporations TNCs.
Such corporations have got liberalization of national financial markets constituted by the law of the World Trade Organisation WTOwherever business requires location without any restrictions, this has eased shifting and movement between countries and continents Held and McGrew, ; Ravenhill, ; Scholte, So what distinguishes transnational corporations is that neither governments nor states can have complete intervention or control over their namely TNCs global trade Scholte, On the other hand, the constant change of business environment requires transnational corporations TNC to meet competitive advantage which could be attained through the gaining market knowledge and to be faster than the competitors Stonehouse et al.
Knowledge creation involves informing individuals as well as learning on a corporate level Scholte, ; Stonehouse et al.
International marketing segmenting should respond with national differences of demands. According to Kale and Sudharshamtransnational marketing segments should be compatible with the requirements for global marketing co-ordination.
This implies making customers and their demands the basis for segmentation. Market segments are identified by qualifying criteria; age, sex, income, etc.
In this sense, segments are size distributed accordingly to each country and then aggregated across countries to measure the total market. Through the strategically equivalent segments, transnational business is globally allowed without totally converging different cultures Stonehouse, Globalization and tncs essay globalization and tncs essay dissertation word count edward taylor huswifery essay writer persuasive essay to move to country papermasters education research papers bauhaus typography essay.
Transnational corporations (TNCs) created global markets and characterised it as a reduction in trade barriers such as free flow of goods, import duties, services and labour from one country to another (Gangopadhyay and Chatterji, ) why not order your own custom Marketing essay, dissertation or piece of coursework that answers your.
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Nov 20, · Essay on Globalization and development. The main feature of TNCs is global operations. As a result, the world market is very crucial to TNCs.
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Therefore, the expansion of TNCs is actually performed internationally. This is explained by the fact that TNCs are actually organized based on the type of state: the distribution of goods and 3/5(3).
What is the difference between the phases of internationalization and of globalization? Internationalization and Globalization are two terms that are often assimilated and sometimes used as synonyms. Globalization and tncs essay writer bless me ultima essays papers christopher columbus first voyage essay essay of 15th century italian art russian revolution essays jhansi rani lakshmi bai essay punjabi art of the personal essay lopate bioessays hypothesis and theory diogene ou la lucidite analysis essay divine hiddenness new essays on.