2. A MNC is defined as “an enterprise which
control production outside the countries in
which they are based”
Modern industries are moving towards
international because of globalisation
MNC are companies that manufacture and
market products in several countries
3. Typically, a MNC operates a number of
companies abroad and market product
through a large network
The management of MNC adopts the
international management
International management involves
conducting business and industrial
organisation in foreign countries and it
affected by cultural and national influences
4. The MNC is reduction of unit costs through
producing more units
MNC the parent companies and its foreign
affiliates act in close alliance and co-
operation with one another
The MNC top manager regards the entire
world as the relevant frame of reference for
making products
5. MNC can promote quality products at lower
cost . It is most benefit to the customers
MNC helps to expand the markets. MNC has
to access to much larger market for their
product
MNC leads to a increase in production
exports and imports for their required
inputs
MNC provides lower labour costs due to
their advancement in their technology
6. Competition from MNC affects the local
companies
MNC discourages competition among their
subsidiaries
MNC utilizes local labours with low cost
while obtaining the high profits
MNC involvement results in lack of
development of local R & D
7.
8. The current trends in management are
Globalisation and international
management
Corporate social responsibilities
Green management
Business ecosystem
Increase in career mobility of
workforce
Meta leadership
9. Globalisation means integrating the economy of
a country with world wide economy
Globalisation business organisation are aimed at
global competition
A global corporation views the entire world as a
single market and it does not show difference
between domestic and foreign products. There is
only one market as global market
International management is an aspect of
management that involves conducting business
and industrial operations in foreign countries and
is affected by cultural and national influences
10. Many corporates now a days turn towards
ethically and it is termed a corporate social
responsibility
It brings a gap between the ethical behaviour and
profit maximizing behaviour of corporates
Consumers are ready to pay more for ethically
produced goods than produced unethically
For a company to be sustainable and profitable it
is necessary to apply the management principles
to solve problems like environment energy and
health care
11. Green management is otherwise called
environment management (EMS)
The increased focus on environment is having an
impact on many organisations. Pollution comes
in many forms
For ex:- Biogases can be instead of burning
carbon based fuels such as gasoline which
contains choloroflorocarbons (CFC) are released
into ozone which causes ozone depletion
Many companies are now moving towards
products which does not pollute the environment
12. One of the notable trends in management has
been the rise of business ecosystems
A business ecosystem is defined as group of
firms which together provide complex
products and related to meet end to end
requirements of consumers across the value
chain
The integration between media ,
telecommunication and technology firms is
the best example
13. People at all levels of the organisation such
as machinists, supervisors, engineers and
secretaries enter their career with high levels
of formal education
Such educated people is expected to make an
increasing number of jobs or career changes
during their lifetime
As graduating senior may expect to make at
least seven changes in his/her career
14. Meta-leadership is another management
trend that organisations employ in recent
times
It is a leadership framework for strategically
linking the efforts of different organisations
or organisational units to provide guidance
direction and momentum across
organisational lines