What Are the Characteristics of Multinational Corporations?
MNCs exhibit several defining characteristics:
Global Presence: MNCs operate in multiple countries, leveraging international markets for sales and production. Centralized Control: Despite their global reach, MNCs maintain a central headquarters that oversees global operations to ensure consistency and strategic alignment. Large Scale Operations: These corporations typically manage substantial operations, which include extensive resources, large employee bases, and significant market shares. Advanced Technology: MNCs often invest heavily in technology to maintain competitive advantages and streamline operations across different regions. Diversification: By operating in various markets, MNCs diversify their business risks and tap into multiple revenue streams.