Multinational Corporation Flashcards

1
Q

Enterprise that is headquartered in one country but
has operations in one or more countries.

A

Multinational Corporation

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2
Q

a company that does
business in a select few countries around the world
and operates facilities such as warehouses or
distribution centres in at least one foreign country

A

Multinational Corporation

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3
Q

Examples of MNC

A

Google, Apple, MCDO, and Amazon.com

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4
Q

4 Types of MNC

A

Decentralized Corporation
Global Centralized Corporation
International Company
Transnational Enterprises

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5
Q

have a strong presence
in their home country.

A

Decentralized Multinational Corporation

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6
Q

means there is no
centralized office

A

Decentralization

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7
Q

is one where decision-making
authority, operations, and management are spread across
different locations or subsidiaries, often with a significant degree
of autonomy.

A

Decentralized Corporation

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8
Q

Often with significant degree of autonomy

A

Decentralized Corporation

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9
Q

These subsidiaries may operate relatively independently but are
still part of the same corporate entity

A

Decentralized Corporation

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10
Q

have a
central administrative office in the
home country.

A

Global Centralized Corporation

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11
Q

They may outsource
production to developing countries to
save time and production costs while
making use of local resources

A

Global Centralized Corporation

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12
Q

characterized by
a centralized management structure that makes key
decisions and controls operations from a single
headquarters or main office.

A

Global Centralized Corporation

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13
Q

Despite having a global
presence,
decision-making
authority
remains
concentrated at the center

A

Global Centralized Corporation

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14
Q

utilize the
resources of the parent company to
develop new products or features that
will help them gain a competitive edge
in local markets.

A

International Companies

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15
Q

conducts business activities in
multiple countries, but it does not necessarily have a
strong integration or coordination of operations between
these countries. Each country’s operations may function
relatively independently

A

International Company

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16
Q

have a decentralised
organisational structure with branches in
several countries. The parent company has
little control over the foreign branches.

A

Transnational Enterprises

17
Q

may have a
narrower focus, which is regarding a
particular market in a country or region

A

Transnational Corporation

18
Q

may only produce
goods or services that can be sold in a specific
market, such as cotton products, snacks, etc.

A

Transnational Corporation

19
Q

Culture is what shapes us, it is the
reason we have certain beliefs,
influences how we behave and is
what gives us our identity

A

Cultural Diversity

20
Q

is what shapes us, it is the
reason we have certain beliefs,
influences how we behave and is
what gives us our identity

A

Culture

21
Q

Other cultures perceive
time as cyclical and endless.
More importance is placed
on doing things right and
maintaining harmony,
rather than worrying about
getting things done “on
time.”

A

ATTITUDES TOWARDS
APPOINTMENTS AND
DEADLINES

22
Q

a promise to give yourself,
your money, your time, etc.,
to support or buy
something: Try the product
for two weeks with no
commitment to buy.

A

ATTITUDES TOWARDS
AGREEMENTS AND
COMMITMENTS

23
Q

IV. CROSS COUNTRY DIFFERENCE IN
INDIVIDUAL WORK VALUES AND ATTITUDES

A
24
Q

V. DIVERSITY CREATES LACK OF COHESION

A

a. mistrust
b. miscommunication and language barrier
c. work stress
VI. MNC WORKFOR

25
Q

VI. MNC WORKFORCE DIVERSITY

A
26
Q

VII. MANAGING DIVERSITY IN MNC DURING HRM

A
27
Q

VIII. CHALLENGES OF WORKING ACROSS CULTURE

A

> ethnocentrism
parochial attitude

28
Q

IX. POSITIVE WAYS WHEN ADOPTING CULTURAL
DIVERSITY

A
29
Q

FACTORS WHICH CONTRIBUTE TO THE
GROWTH OF MNCs

A

Market Expansion
Market Superiorities
Financial Superiorities
Technology Superiorities

30
Q

ADVANTAGES

A

➢ Access to consumer
➢ Access to labor
➢ Overall development
➢ Technology
➢ Research and
development
➢ Exports and imports
➢ MNCs help in curbing
local monopolies.

31
Q

DISADVANTAGES

A

➢ Laws
➢ Intellectual property
➢ Political risk
➢ Loss of local businesses
➢ Loss of natural resources
➢ Money flows
➢ Transfer of capital

32
Q

HARMFUL EFFECTS OF MNCs TO THE PHILIPPINES

A

❑ Most people are becoming less interested in local
products and businesses
❑ Some MNCs abuse the fact that labor rates in the
Philippines is very low
❑ Some MNCs happen to be one of the largest Earth
pollutants
❑ in terms of taxes and other fees, several MNCs
owned by other countries do not pay appropriately.

33
Q

Several reasons explain the lack of
Philippine MNEs.

A

• Largely agricultural in less
developed country
• The country’s economic, social
and political structure is still
“semi-feudal”

34
Q

The financial institutions that have the electronic banking that decide to cancel all electronic banking services or part types of electronic banking services should report the termination reason and the disposal scheme to

A

Central Banking.

35
Q

______ system guarantee authenticity, legality, and effectiveness of the customer information to prevent theft account, identity risk.

A

Encryption client identity

36
Q

The information disclosure system urged the bank to keep customer protection and privacy laws and regulations, it can help to

A

restrict bank legal risks and reputation risks.