Multi-national Firms

Created by: meg.gloverx
Created on: 18-10-19 10:11


	Multi-national Firms
	Advantages Multinational corporations are often responsible for today’s best practices.llet point Innovation happens because of the investments made by multinational corporations The world has more cultural awareness because of multinational corporations Multinational companies focus on consistency for the consumer. Diversification becomes possible because of multinational corporations. Local infrastructures improve with the presence of multinational corporations. Multinational companies offer employment opportunities at the local level.	Disadvantages Because of their size, multinational corporations put SMEs out of business. Multinational corporations can cause harm to the environment. Profits often go back to the multinational company instead of staying in the local market. Nothing stops a multinational company from importing their skilled labor. Multinational corporations remove raw materials from the local economy. It creates a dependency on the business that can be unhealthy for an economy.
	Evaluation Multinational corporations provide us all with a series of advantages which are challenging to ignore. These firms give us access to cheaper goods, provide jobs, and generate a robust economy that creates numerous indirect opportunities from which we all typically benefit in some way.The only problem is that many of the returns happen in the developed world at the expense of workers caught in a sub par living situation. When you compare the middle class in the United States to the developing one in India, the differences are profound.That’s why the advantages and disadvantages of multinational corporations are essential to review periodically. We would not be where we are today without them and their interest in innovation, research, and development, but their quest for profits might also be what holds us all back from our full potential in the future.

Multi-national Firms

Advantages

Multinational corporations are often responsible for today’s best practices.llet point
Innovation happens because of the investments made by multinational corporations
The world has more cultural awareness because of multinational corporations
Multinational companies focus on consistency for the consumer.
Diversification becomes possible because of multinational corporations.
Local infrastructures improve with the presence of multinational corporations.
Multinational companies offer employment opportunities at the local level.

Disadvantages

Because of their size, multinational corporations put SMEs out of business.
Multinational corporations can cause harm to the environment.
Profits often go back to the multinational company instead of staying in the local market.
Nothing stops a multinational company from importing their skilled labor.
Multinational corporations remove raw materials from the local economy.
It creates a dependency on the business that can be unhealthy for an economy.

Evaluation

Multinational corporations provide us all with a series of advantages which are challenging to ignore. These firms give us access to cheaper goods, provide jobs, and generate a robust economy that creates numerous indirect opportunities from which we all typically benefit in some way.The only problem is that many of the returns happen in the developed world at the expense of workers caught in a sub par living situation. When you compare the middle class in the United States to the developing one in India, the differences are profound.That’s why the advantages and disadvantages of multinational corporations are essential to review periodically. We would not be where we are today without them and their interest in innovation, research, and development, but their quest for profits might also be what holds us all back from our full potential in the future.

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Multi-national Firms