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Essay / Research Paper Abstract
A 5 page paper. As globalization has escalated and as corporations have merged, new terms to describe types of organizations have emerged. This paper defines and describes these three types of international corporations. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGdefcrp.rtf
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Unformatted sample text from the term paper:
company is a multinational corporation" but the term is also used as a noun, "the heads of several multinationals met today to discuss a collaborative project to reduce energy usage."
So, what is a multinational corporation? And what are the other corporations that have come to be known as (prefix)national corporations? Is there a difference between a multinational and a
transnational corporation? The terminology used to describe the type of company a corporation or organization is has become confusing, at best. The term multinational means that the entity conducts business
in two or more countries (Wimberly et al, 1998). The phrases multinational corporation and transnational corporation are two that are often used interchangeably but there are differences between these two
types of corporations (Dobbin, 2001). The multinational corporation has existed since the beginning of the 20th century but it became more dominant after World War II (Dobbin, 2001). A
corporation whose home is in one country sets up complete operations in several countries (Dobbin, 2001). These are just about exact duplicates of the headquarters located in the corporations home
country. They have production facilities, advertising and marketing departments that personalize their advertising efforts to the local culture, they develop stable relationships with local suppliers and they may even have
a local board of directors (Dobbin, 2001). This is a multinational corporation - multi because it has full operations in more than one country. A transnational corporation moves global
capitalism to the next step beyond multinational corporations (Dobbin, 2001). The transnational corporation seems to function in a world that has no borders (Dobbin, 2001). These entities are even larger
than the multinational corporation (Dobbin, 2001). While a multinational corporation will establish duplicate operations in more than one country and are dependent upon local economies being strong, the transnational
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