Multinational Corporation and Transnational Corporation Assignment Help
An Introduction to MNC and TNC
International corporations are divided into several categories that are dependent on investment, business structure, and product offerings. Multinational corporations (MNCs) and Transnational corporations (TNCs) are two of these categories. Both MNC and TNC are the organizations that deliver products or services in more than a single country. Many students find these two terms quite confusing and therefore look out for professional Multinational Corporation and Transnational Corporations assignment help from external service providers like BookMyEssay. They are the business entities who have their head office in their home country but operate in many other countries called the host countries. The major industries such as oil mining, manufacturing, consulting, agriculture, construction, entertainment, banking, legal, telecommunications are run through MNCs and TNCs. These corporations have their base worldwide and most of them have ownership of both domestic and foreign shareholders. Some of their budgets are huge and they at times outweigh the GDPs of the smaller nations. They are very influential to economic, environmental, and globalization. We, at BookMyEssay, have hired highly qualified academic experts who can offer a well-researched and a well-versed Multinational Corporation and Transnational Corporations case study writing help and MNC’s and TNC’s assignment assistance. Even our writers always maintain the deadline and you will not find any trace of plagiarism in it.
Multinational Corporation (MNCs) and Transnational Corporations (TNCs)
Multi indicates many and national refers to the state. It means that these companies operate in more than a single nation. Multinational companies are supported strongly by the free market and free liberalism concepts. A company may begin in one country and then spread its operations in another country, thus expanding the investments. The significance of these corporations is that though it operates in multiple countries, there is always a centralized management system and the final decisions are taken always by the home organization. The foreign corporations remain the subsidiaries of the parent company. When we talk about a multinational company’s business environment, it is engaged in importing and exporting goods and services, contract manufacturing, and buying and selling of the license in the foreign markets.
Transnational corporations are similar to the multinational companies though there is a small difference. TNCs operate in multiple countries and there is no centralized management system. These companies begin in one country but later on, they expand to other countries. But, these companies do not have any home company for managing them and start as new companies. The transnational organizations do not have subsidiaries. As they do not have any centralized management system, they take decisions according to its suitability. They only look for expansion as they do not possess any connection with any country. TNCs are there worldwide and they operate at a global level. Globalization is a major reason for the growth of TNCs. Many TNCs are located in the economically advanced countries like USA and UK. There are many reasons for setting up a TNC like cheap raw materials, cheap labor, friendly environment, good transportation, exploitable property rights, and many more. Contact BookMyEssay for get Multinational Corporation and Transnational Corporation essay assignment help from highly qualified and experienced writers.
The Differences Between MNCs and TNCs are given below:
- An MNC controls or owns production of goods and services in more than one country apart from the home country. A TNC has business in many countries and does not have any home country.
- MNC has a centralized management system but a TNC does not have any country as its home or as its headquarter.
- MNCs face obstacles while making decisions because of the centralized management system but TNCs can get more access to local markets because they maintain their individual system.
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