Business and Business Environment Assignment Sample
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Added on 2021-06-30
Business and Business Environment Assignment Sample
Added on 2021-06-30
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BUSINESS AND BUSINESS ENVIRONMENT•ORGANISATIONS AND STAKEHOLDER ANALYSIS 1WEEK 2EMMANUEL B OFORIBTEC EDEXCEL HND
Recap: •Last week we did look:•1. the nature and purpose •2. different types of business organisations•3. For profit and Not for Profit Organisations•EMMANUEL B OFORI2
Difference between a global, transnational, international and multinational company•We tend to read the following terms and think they refer to any company doing business in another country.•Multinational•International•Transnational•GlobalEMMANUEL B OFORI3
•International companiesare importers and exporters, they have no investment outside of their home country.EMMANUEL B OFORI4
Multinational companies•Multinational companieshave investment in other countries, but do not have coordinated product offerings in each country.•More focused on adapting their products and service to each individual local market.EMMANUEL B OFORI5
Multinational organisations•Amultinational corporationorworldwide enterpriseis an organization that owns or controls production of goods or services in one or more countries other than their home country.•It can also be referred as aninternational corporation, a "transnational corporation", or astateless corporationEMMANUEL B OFORI6
Multinational organisations•A multinational corporation is usually a large corporation which produces or sells goods or services in various countries.1.Importing and exporting goods and services2.Making significant investments in a foreign country3.Buying and selling licenses in foreign markets4.Engaging in contract manufacturing—permitting a local manufacturer in a foreign country to produce their products5.Opening manufacturing facilities or assembly operations in foreign countriesEMMANUEL B OFORI7
A Global Company•A global corporation is a business that operates in two or more countries. It also goes by the name "multinational company." •Expanding your business globally can offer several advantages over running a strictly domestic company, but operating in multiple countries also poses logistical and cultural challenges.EMMANUEL B OFORI8
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