Novartis, headquartered in Basel, Switzerland, was founded in February The company operates through five segments — Pharmaceuticals innovative patent protected prescription drugs, Alcon surgical, ophthalmic pharmaceuticals and vision care productsSandoz generic pharmaceuticalsVaccines and Diagnostics, and Consumer Health, and currently hasemployees.
What are the Advantages and Disadvantages of Multinational Corporations? Multinational Corporations no doubt, carryout business with the ultimate object of profit making like any other domestic company. According to ILO report "for some, the multinational companies are an invaluable dynamic force and instrument for wider distribution of capital, technology and employment; for others they are monsters which our present institutions, national or international, cannot adequately control, a law to themselves with no reasonable concept, the public interest or social policy can accept.
MNC's directly and indirectly help both the home country and the host country. The investment level, employment level, and income level of the host country increases due to the operation of MNC's.
The industries of host country get latest technology from foreign countries through MNC's. The host country's business also gets management expertise from MNC's.
The domestic traders and market intermediaries of the host country gets increased business from the operation of MNC's. MNC's break Multinational companies mnc, curb local monopolies, create competition among domestic companies and thus enhance their competitiveness.
The host country can reduce imports and increase exports due to goods produced by MNC's in the host country.
This helps to improve balance of payment. Level of industrial and economic development increases due to the growth of MNC's in the host country. MNC's create opportunities for marketing the products produced in the home country throughout the world.
They create employment opportunities to the people of home country both at home and abroad. It gives a boost to the industrial activities of home country.
MNC's help to maintain favourable balance of payment of the home country in the long run. Home country can also get the benefit of foreign culture brought by MNC's. Disadvantages of MNC's for the host country 1. MNC's may transfer technology which has become outdated in the home country.
As MNC's do not operate within the national autonomy, they may pose a threat to the economic and political sovereignty of host countries.
MNC's may kill the domestic industry by monpolising the host country's market. In order to make profit, MNC's may use natural resources of the home country indiscriminately and cause depletion of the resources.
A large sums of money flows to foreign countries in terms of payments towards profits, dividends and royalty. Disadvantages of MNC's for the home country 1. MNC's transfer the capital from the home country to various host countries causing unfavourable balance of payment.
MNC's may not create employment opportunities to the people of home country if it adopts geocentric approach.
As investments in foreign countries is more profitable, MNC's may neglect the home countries industrial and economic development. Applicability to particular business MNC's is suitable in the following cases. Where the Government wants to avail of foreign technology and foreign capital e.
Where it is desirable in the national interest to increase employment opportunities in the country e. Where foreign management expertise is needed e.
Honeywell, Samsung, LG Electronics etc. Where it is desirable to diversify activities into untapped and priority areas like core and infrastructure industries, e.The event was put on by the Great Place to Work Institute, which determined the list by surveying million employees from more than 5, companies worldwide.
Employees were asked about. What is a 'Multinational Corporation - MNC' A multinational corporation (MNC) has facilities and other assets in at least one country other than its home country. Such companies have offices and. AEAB, the top Automation system integrator and control panel manufacturers company in Delhi, NCR, provides the solution for Siemens System House and drive automation.
Mayank Agarwal said: (May 15, ): Hello Friends, I totally agree with this statement that nowadays MNC's are superior to Indian companies reason being today every individual want to join an MNC why?
because of their good management, work culture, various other facilities and growth and to the side of MNC's they get a better advantage in terms of resources like cheap labour in India as well.
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