Globle corporation broken or regulated
Topic: Do you agree that major global corporations are now so powerful that they should be either broken up or regulated?
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Table of Contents
Introduction2
Concept of Global corporation2
Analyzing the strengths of global corporation4
Broken up or regulated- an overview of international organization5
Analysis of the overview on International organization7
Conclusion8
References10
Introduction
Global corporations are the company with the vision to multiply their revenue based on the expansion of business in different territories and areas. These multinational companies expanded their business to obtain maximum value by taking care of the society and the economy of the country. In this report, the concept of global organizations will be discussed along with an analysis of its strengths. After the analysis of the strength of the international organization, the overview of an international organization based on regulation or broken up will be discussed and its analysis also will be discussed in the report, with a conclusion.
Concept of Global corporation
According to t[ CITATION Cla21 \l 1033 ], multinational corporations or companies which has been expanded in more than two countries. The companies that are expanded in the vision of high business values and ethics. Major corporations are keen to acknowledge the main concept of expansion in the suitable areas of business for the generation of revenue. It also expands for the growth of the organization. The global corporations also leveraging the global environment to approach various markets. The strategic potential of the organization can be marketable at different market segments with an information technology development summit as a result. Insourcing production and pursuit growth can be materialized by making the market more convenient and profitable.
To be a global company the business has not only to introduce their products to the people of the country but also the company to other people. The benefits of a global corporation reflect on its company value in another market with the same paradigm. The companies have to understand their market size, cultural norms, ethical and legal laws, and environmental pursuits. By expanding globally, it means to stand in the market for the benefit, sales revenue. By expansion in the process there are a lot more benefits to globalize your corporation:
Increase in customer base
If the trader expanded its business in the foreign land they are getting the benefits of the customer base. The benefit is that the trader can create a business with a lot of fresh consumers with a fresh market.
Reduction in operating cost
If the business has a low operating cost in the other countries, then it is the most suitable place for a company to expand its business. By expansion based on low operating costs, it is more appropriate for the business to expand.
Seasonal impact on business
If a company sells its products which is a seasonal product and experiences fluctuating sales, then it can expand its business to countries that have an opposite season. By expansion, the trader can benefit from other countries which enables you to have high sales figure all year.
The growth rate of the company
If the company is growing rapidly in the locality, then it has the potential to get the business in another country. By rapidly expanding the business, it could get at the point of getting the business with rapid growth.
Creating a new job
Hiring the representatives and employees in the company as well as setting up offices and the facilities are the main things which should be there when expanding the business. Thus it also creates the opportunity to hire locals which can give a boost to the local economy.
Analyzing the strengths of global corporation
The main strengths of a company vary by its structure of the organization with one central office located in a country. Setting up the business in other countries is a very common goal for many businesses which is serving best in the locality and also want to expand the business in other locality and other countries.
According to [ CITATION Fra20 \l 1033 ], in the rising economies, their companies are eliminating risk factors that is why it can be the strength of a business when expanded. The companies have the social responsibility which is the most important part of the business by providing employments local. A few of the risk factors [ CITATION Fra20 \l 1033 ] are used in this article to recognize the authority to mitigate the risk factor for the company. In the rising economics, it is most important for a company to hold various positions of the company which is valuable for the locals.
In the opinion of [ CITATION Fon21 \l 1033 ], alternative strategies have been started in the acquisition of developed country's firms for the globalization of emerging market firms. To overcome the disadvantages in the international marketplace which is dominated by the developed countries. In this study,[ CITATION Fon21 \l 1033 ], argued that the outsider chief marketing officer from a developed economy with an established brand can serve the alternate strategy to the acquisition of developed country firms. These firms benefit from the internationalization perspectives.
In the context of [ CITATION Jef19 \l 1033 ], globalization has a great impact on changing the environment of the country. In the process of globalization in the economy, there is five major change occurred in the globalization process. These are based on the changing environment. According to [ CITATION Jef19 \l 1033 ], the first change in the global economy is a smaller share traded across the borders, services that are traded are growing faster than the goods trade. The company using low-cost arbitrage.
In the opinion of [ CITATION Eck21 \l 1033 ], many policies have been implemented for the internationalization process which is beneficial for the organization. The article conceptualizes the international officials and national’s staff who have been recruited from the host state. The recruitment allows the local people of the area which is the contribution from the organization towards the economic and cultural growth of the organization.
Broken up or regulated- an overview of international organization
According to [ CITATION Chr20 \l 1033 ], the article aims to give the theory of various roles and forms of representatives in international organizations by the combination of insights from the representatives. In the same article, it distinguishes three types of representational bargains within the administrations of global organizations. It also builds on the three different concepts of representative bureaucracy. In these concepts, one of them is representation as power. The representation of power is based on a member of the state. A member of state has a share of administrative power in the exchange of political and financial support, representative. The article contributes to the debate which is based on the concept of internationalization on public administration which also contributes to the broken up or regulated international organization by providing the power to the administration department.
In the opinion of [ CITATION Blü20 \l 1033 ], the internationalization of an organization makes them powerful. The environmental provisions in trade agreements have a big role in the internationalization of an organization. The countries prefer certain provisions over others. In the context of [ CITATION Blü20 \l 1033 ], the environmental provisions are more likely to be adopted when the organization aims at the preserving countries regulatory authority.
According to [ CITATION Hag21 \l 1033 ], a powerful CEO can mitigate the organizations’ economic inefficiency. A powerful CEO makes the organization powerful and emphasizes the economic efficiency and controls on cost inconsistently while achieving enduring health and safety of the organization. In the meantime, [ CITATION Hag21 \l 1033 ], mentioned that CEO behavior also influences workplace safety and health. The top executive’s attitude is vital to develop corporate social responsibility. A powerful CEO of an organization means a powerful Organization, when an organization is initiating its business globally they need a powerful CEO to manage the business with Corporate social responsibility.
In the opinion of [ CITATION Tev21 \l 1033 ], mentioned in the Article that the regulatory bodies can balance the conflicts, the expectations, and the requirements. In the public interest, balancing the conflict values such as the stability of the sector in which organizations are working or the shareholder's interest. In the same article, [ CITATION Tev21 \l 1033 ], mentioned international organizations based on centralization and decentralization. Based on both the concept, it is a vital task to know more about the conclusion of an organization based on the regulatory tools that involve regulatory bodies or the public at large.
The main factor for making the organization powerful is way better in the formation of an international organization. The first factor is making the CEO powerful will make the organization more powerful. The second factor is making the administration more manageable means to get the internal functioning running well in the organizations. The third and last factor in making the organization more powerful by investing in the expansion of the business in terms of internationalization.
Analysis of the overview on International organization
The internationalization process is more meaningful when the organization can grasp the external as well as internal environment of the organization. In the given articles above, the main theme is based on the globalization of the organization as an authority or functioning based on regulatory bodies. However, there is an opportunity revealed in the article of [ CITATION Chr20 \l 1033 ], mentioning the role and responsibility of the representative in an organization. Where a representative has an insight into the organizational functions. The insights of the representative of the organization can make the change in the organizational values. In the same article, the author also denotes the functioning of the international organization which is based on three concepts. The concepts defined in the article have the proper explanation on behalf of the internationalization of the organization. When the author introduced the three concepts of internationalization he also introduces the subject matter of the powerful organization with the administration. Thus, this article supports the term global corporations are now powerful that they should break up.
The second article defines the internationalization process of the organization by making trade agreements that are fully based on the environmental aspects of the organization. In the same article [ CITATION Blü20 \l 1033 ], the author also mentions that the trade agreement and by preserving the regulatory authority. The regulatory authority can make the organization’s environment more adaptable. The environment of the organization leads the way an organization work with the ethical dilemma. Pursuing the ethical dilemma based on the targeted theme of the internationalization process makes the process more sensitive and more applicable to the organization. This article supports the topic the global corporation are powerful that they should be regulated.
The third article denotes the main theories based on globalization. In that article [ CITATION Hag21 \l 1033 ] mentioned the CEO who can mitigate the inefficiency of the organization. The main theme of this article is based on the CEO role. When the power is given to the organizations' CEO then it is easy to maintain the organizational activities. The activities that are fully based on internationalization can be operated by the CEO. By the same rule, this article also supports the discussion about making the global corporation powerful that they should be regulated
The fourth article, [ CITATION Tev21 \l 1033 ], mentioned the balance of conflicts and the expectations, and requirements. The main theme of the article is based on the regulatory norms of the organization which contributes towards the internationalization of the organization. This given article concerns the conflict based on the authoritative body mentioned. This article also supports the main theme of this report which is the major global corporations are now so powerful that they should be regulated.
Conclusion
From the findings of the report, all the articles were subjected to the internationalization process. The internationalization process can be maintained by maintaining the environmental, economic, political, and social aspects of the business. From the study of the subject, it might be concluded that the organizations running the operations internationally must have to take the given aspects seriously i.e. social, environmental, political, and economic. They must have to regulate the organization by the decision of the CEO and give the authority to the administrative department for making the internal projects more convenient and fruitful. Thus the main aim of the study is to know about the international organization can be powerful in generating revenue as well as the growth of the organization.
References
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Eckhard, S., & Parizek, M. (2021). Policy implementation by international organizations: A comparative analysis of strengths and weaknesses of national and international staff. Journal of Comparative Policy Analysis: Research and Practice, 1-17. Retrieved from https://www.researchgate.net/profile/Michal_Parizek2/publication/-_Policy_Implementation_by_International_Organizations_A_Comparative_Analysis_of_Strengths_and_Weaknesses_of_National_and_International_Staff/links/5f7328a992851c14bc9d3420/Policy-Im
Fong, C. M., & Chang, H. H. (2021). Chief marketing officer and internationalization—a resource-based view. Asia Pacific Journal of Marketing and Logistics. Retrieved from https://www.researchgate.net/profile/Hsing_Hua_Stella_Chang2/publication/-_Chief_marketing_officer_and_internationalization-a_resource-based_view/links/60019ddc-a04908e6/Chief-marketing-officer-and-internationalization-a-resource-based-view
Fragouli, E., & Nicolaidou, Z. (2020). Risk Management of Multinational Companies (MNCs) in Rising Economies. International Journal of Information, Business, and Management, 12(4), 237-267. Retrieved from https://discovery.dundee.ac.uk/ws/files/-/Final_Published_Version.pdf
Haga, J., Huhtamäki, F., & Sundvik, D. (2021). Ruthless Exploiters or Ethical Guardians of the Workforce? Powerful CEOs and their Impact on Workplace Safety and Health. Journal of Business Ethics, 1-23. Retrieved from https://link.springer.com/article/10.1007/s-
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