Multinational coorporations

SUMMARY

Enterprises operating in several countries but managed from one country.

There are different types of multinational coorporations:

Multinational:decentralized firm with strong home country presence

Global: centralized firm that acquires cost advantage through centralized production wherever cheaper resources are available,

International: firm that builds on the parent firm's technology or R&D

Transnational: firm that combines the previous three approaches

Transnational firms face great criticism, thanks to the great political and economical power that they have, they are accused of using this power for their own best interest, not for the community they are in.

How can we ensure corporations are held accountable for their actions “ethically” and “legally”?

Its extremely difficult due to the fact that Multinational Organizations have huge political and economical power representing great influence in the government and in the overall economy of different nations. This gives them the opportiunity to act as they please in many opportunities. Also the fact that they are investing in foreign countries and opening up job opportunities provides them with criteria of saying that they are beneficial for those countries.

References:
1. Youngman and Company Inc. http://www.yciarch.com/images/logos.jpg. 2011.