Analysis Of The Top 8 Multinational Companies In 2020 Business & Marketing Essay (Essay Sample)

ANALYSIS OF THE TOP 8 MULTINATIONAL COMPANIES IN 2020
Student's name
Class
Date
Date
A multinational corporation (MNC) is usually a large corporation that consists of a group of geographically dispersed and goal-disparate organizations that include its headquarters and the different national subsidiaries. MNCs use their overseas subsidiaries to access tacit knowledge about host countries. It is generally assumed that subsidiary tacit knowledge contributes directly to greater product innovativeness . The two main characteristics of such companies are their large size and the fact that the parent companies centrally control their worldwide activities. Other attributes of multinational companies are: Importing and exporting goods and services, making significant investments in a foreign country, franchising, and opening manufacturing facilities or assembly operations in foreign countries. It can e concluded that multinationals get their name somewhat from the above attributes.[Sheng, Margaret L., Nathaniel N. Hartmann, Qimei Chen, and Irene Chen. "The synergetic effect of multinational corporation management's social cognitive capability on tacit-knowledge management: Product innovation ability insights from Asia." Journal of International Marketing 23, no. 2 (2015): 94-110.]