Purchase Solution

MNC to "be global and act local".

Not what you're looking for?

Ask Custom Question

Explain the need for an MNC to "be global and act local". How can a firm design the organization to enable this?

Purchase this Solution
Solution Summary

The response addresses the queries posted in 438 words with references.

Solution Preview

The response addresses the queries posted in 438 words with references.
// We very well know that there is a need for every business to adopt effective strategies for effectively running the business. In the following paper, we will discuss the importance of MNCs to be global and act local. We will describe in detail the ways through which a firm can design itself for this purpose. //

MNCs' Need to be Global and Act Local

Learning from the good and bad experiences of the past, most of the MNCs know the significance of the go global and act local strategy. Being involved in global operations, they need to act local in executing their operations for smooth functioning. There are many reasons ...

Solution provided by:
Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Operations Management

This quiz tests a student's knowledge about Operations Management

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

View More Free Quizzes
Related BrainMass Solutions

  • Effective Cash Management in a MNC

    A decentralized cash management in an MNC, with cash management responsibilities delegated to each of the affiliates, puts the company in the best position to take advantage of the volatilities of local and global markets.

  • Political Risks of MNC Local Operations in a Host Country

    The two incidences impeded the nation's production of products and service, led to MNC firms to flee from the country, and deterred FDI.

  • Local culture affecting ethical practices

    -Foreign companies are expected to act according to local norms when conducting business. When should local culture affect ethical practices?

  • This post addresses international business questions.

    B. become more local and less global. C. become more global and less local.

  • Global Business Strategies: modes of entry for MNC

    the already existing production capacity and technology) would be more suitable for an MNC.

  • Translation exposure

    In consolidation, these accounts in the local currency would need to be converted to the parent's currency and so the current exchange rate would be used for conversion.

  • Best Advice in an Unfamiliar Labor Market

    A key aspect in helping our MNC to be successful in global recruiting and retention is the creation of an effective advisory board that has the resources to skillfully guide the MNC through the global transition and help ensure they make the most accurate

  • global finance

    327812 Global finance questions I need help with the following questions. ABC, Inc. is a MNC based in the US. It has subsidiaries in Germany, Japan and Mexico.

  • Management & Multinational Enterprise (MNC)

    Example 1: Recent Entry Strategies for MNC 1.Efficiency seeking: To reduce cost in global production process through access to cheaper labor and proximity to destination markets, such as United States. 2.

View More Related Solutions