Topic > The multinational: The multinational...

The multinationalIntroductionA multinational 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 home country . [2] It may also be called an international corporation, a "transnational corporation" or a stateless corporation. [3]One of the first multinational enterprises was the India Trading company [4] and was created around 1600, around 1602 the Dutch India Trading company was created and remained the largest company in the world for almost 200 years. [5] When we think of multinational corporations, some of 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 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 although the menus are not all that different what and how it is displayed very differently. The United States, Canada, and Mexico have pretty much the same requirements, such as nutritional data, and the way they need to be listed is very different. Not all countries require them to be listed and some have no laws at all regarding labelling, which is why it is important that they have the ability to control their production of goods not only for quality but also for safety as the language would definitely a problem, the The world has many languages ​​and the same word in English might have a different meaning in another country. You may need to produce the same document in 5 or 6 different languages ​​and in some cases interpreters may be needed. Cultural differences may require different delivery times in the case of FedEx, a completely different menu for McDonalds, and uniform styles may need to be adapted so as not to offend certain cultures. The world doesn't follow the same calendar when it comes to holidays, schedules should definitely be adjusted. Banking and financial transactions involving many different currencies, taxes, exchange rates that change quite often, financing if necessary. While most multinational corporations have offices in the countries in which they operate, some do not. With the advancements in technology, managing daily operations would be easier than even 5 years ago, technology can't handle it