The Globalization Of A Multinational Corporation - 1725 Words

A Multinational corporation is a corporation that does business in two or more countries. It has its home base in its own country, but has branches or subsidiaries in other countries. Their home base is the company’s identity. For example Toyota is Japanese even though it operates in the United States. With modern technology and improvement in communications, transportation and infrastructure, corporations are venturing beyond national boundaries in the pursuit of business opportunities. Their size provides them the opportunity to achieve markets and increase their scale in manufacturing and development outside their local market. In other words, multinational companies are going global. Globalization refers to the unification of world†¦show more content†¦Ã¢â‚¬Å"The Challenge of Globalization.† (Boundless Management. Boundless, 21 Jul. 2015. Retrieved 09 Sep. 2015 from https://www.boundless.com/management/textbooks/boundless-management-textbook/introduction-to -management-1/current-challenges-in-management-21/the-challenge-of-globalization-133-10568/) Companies such as Toyota Motors, Coca-Cola, Cadburys Chocolate, IBM, Microsoft, and Boeing are a few prime examples of global companies. Through globalization, these are the brands that have become household names in the world. Managerial Styles and Culture Shock: Difference between Japan and United States The Japanese managerial styles go as far back as Empiricism. Japanese live to work for their company. Japanese are loyal to the company first whereas the Americans are loyal to self. Japanese management sees employees as their most important resources and are required to contribute ideas to improve the corporation; whereas Americans see employees as expendable. Japanese management sees the company as one group and the whole group must succeed. Decision making in Japan is a long process, in many stages to minimize errors and bring consistency but once a decision is made, everybody is on the same page. In the United States management makes quicker decisions that sometimes can lead to short-sightedness. It is probably because the Japanese are all one culture and Americans come from a variety of backgrounds. The Japanese management believe in continuous improvement andShow MoreRelatedGlobalization : Multinational Corporations ( Mncs )1270 Words   |  6 PagesGlobalization As globalization continues to advance throughout the world, multinational corporations (MNCs) are reaping the multitude of benefits operating within the international marketplace entails, as well as attempting to curtail the associated risks. Developments such as the immediate transfer of information/currency has led to a great amount of internationalization and interdependence within the global landscape (Shapiro, 2014; Cho Lee, 2004). 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