StudentShare solutions
Triangle menu

Multinational corporations: Blessing or Damnation - Research Paper Example

Not dowloaded yet

Extract of sample
Multinational corporations: Blessing or Damnation

Multinational Corporations: Blessing or Damnation Wal-Mart started its operations in 1962 with its first retail store opened in Rogers, Arkansas. By the fourth quarter of 1970; the company had 276 stores throughout USA in its possession. Between the second and third quarter of 1980, the number of Wal-mart’s stores reached to the peak of 882 which ultimately leaded the company to become the market leader in the retail sector of United States of America. Until then the company had not stepped into the international market and now it was the time to take the major decision. So in 1991, the company started operating in other countries for the very first time. The first foreign country where Wal-Mart opened its initial most out let was Mexico. The company then started to operate in Canada and Brazil through getting hold of Greenfield investment. Later more out lets were opened in Hong Kong, Argentina, etc (Harrison, 2008). Wal-Mart has actively utilized the retail internationalization which typically revolves around the incorporated concepts of who are the participants of internationalization, what are their aims and objectives, how they will be directing their growth plan, how they will make a success and everlasting entry in to a market of some foreign land, what mechanisms should be applied, how the adaptation or the consistency approaches will move on, what will be the company’s centre of attention after entering the market, how the growth will be sustained, what diversification strategies shall be applied and finally how the company will respond to the foreign land’s culture, economics, politics and other social aspects which are in one way or the other influential for both the organization and its customers/consumers (Dawson, 2006). All these variables of retail internationalization have played a significant role in the ultimate success of Wal-Mart. The importance of retail internationalization can only be understood by making a link between the geographic and economic conditions of a country in which the multinational organization is operating. The multinational organizations such as Wal-Mart mark substantial prints on the mind sets and lifestyles of the community people they are serving. This can be noted by the fact that few years back when the trend of multinationals was not even developed people used to maintain distinctive and original life styles however, as soon as the multinationals grew up the overall world economy and culture met severe changes because when people of some other countries come and trade with foreign people they leave behind their indentifying marks which are then absorbed by the local civilians. On the other hand these foreign companies also accept the cultural and societal norms of the foreign land. In this way the overall culture of the globe has started to turn into a single yet most powerful social system. The geography of a country is also very important in changing or sustaining the lifestyle of its inhabitants (Coe, 2004). The famous slogan of Wal-Mart has the strongest impact over its success story and continuous line of achievement. The slogan is ‘Every Day Low Prices’ which attracts people from all over the world to come and visit their stores. It has the most captivating power as the general public and students who are already drawn with interest and ...Show more

Summary

Multinational Corporations: Blessing or Damnation [Name] [University] Abstract This paper is aimed at analyzing the performance of Wal-Mart from different perspectives including social, economic, political, and technological particularly its overall existence as a blessing or damnation for the communities in which it is operating…
Author : considinedoming
Multinational corporations: Blessing or Damnation essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Multinational corporations: Blessing or Damnation"
with a personal 20% discount.
Grab the best paper

Related Essays

How Multinational corporations and human trafficking hold Brazil back from development
How Multinational corporations and human trafficking hold Brazil back from development? Globalization has increased the establishment of multinational corporations (MNCs) and their operations in less developed and developing countries. These have led these companies in generating huge profits with respect to minimization of cost.
13 pages (3250 words) Research Paper
Organizational Culture in Multinational Corporations
These capabilities have led the globe towards scientific and technological innovations and advancements, where the entire population of the world is able to communicate and travel promptly within no time. In addition, this has also made the world of commerce to step ahead, develop, and spread out the operational and functional activities of the businesses from the local and neighborhood arena to a global and universal platform (Alvesson, 2002).
9 pages (2250 words) Research Paper
Multinational Business
Conclusion Multi National Business Kuwait is located in the northeastern side of Saudi Arabia. It focuses on creating a favorable environment for business. This will be achievable through the development of friendly policies that attract investors. The authorities recognize that the nation lies in a vast land whose potentials have not been exploited fully.
8 pages (2000 words) Research Paper
Multinational Acquisition
In this way, Multinational Acquisitions can be seen as a way that firms seek to reduce risk. Yet, various complications arise when a multinational company acquires another multinational company (Ernst & Young, 1994, p. 212). Similarly, due to difference in culture, regulations, tax laws and policies complications arise.
7 pages (1750 words) Research Paper
| What are criticisms of multinational corporations operating in developing countries
Other critics include the oligopolistic nature of the multinational corporations. MNCs can limit the production, and increase the prices artificially
1 pages (250 words) Research Paper
Organizational Culture in Multinational Corporations
In addition, this has also made the world of commerce to step ahead, develop, and spread out the operational and functional activities of the businesses
9 pages (2250 words) Research Paper
MULTINATIONAL CORPORATIONS AND THEIR CONSEQUENCES FOR THE INTERNATIONAL ECONOMY
conomy intensified the political, social, cultural and economic relations which somehow reverted the world into transcendental homogenization where major global economic traders work. This research will explore about the lives of multinational corporations and its consequences
9 pages (2250 words) Research Paper
Multinational strategies
Transnational companies, for instance, use international subsidiaries to advertise their goods abroad, and this makes sure that they are advertised appropriately. Also, transnational companies normally
1 pages (250 words) Research Paper
Summary of five articles (you choose the articles). they should be related to :- what are the major challenges and opportunities MNE's (multinational corporations) face in Qatar
This has led to a lot of confusion in terms of how the management of the MNEs is conducted in Qatar. It is always not known whether the kind of the policies that are used in the other countries can be applied in managing these businesses or to apply whatever these
5 pages (1250 words) Research Paper
Multinational company
In order to understand theoretical importance of the problem, concept of cultural dimensions is used and Hofstede’s cultural dimension model is employed to compare cultural orientation of
12 pages (3000 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation