They also go global in order to meet customer needs and to become more competitive. Global companies are those that have a global market presence, supply-chain infrastructure, capital base, and corporate mind-set. The global market is not an
The impacts of globalization can be felt in each city around the globe. Innovation has empowered people and also associations the capacity to inundate themselves into another culture for all intents and purposes at the speed of light. Comprehension of various social orders and societies has turned out to be one of the main procedures of business. Principally there has been a strong focus on understanding the different societies due to its capacity to influence business on a worldwide scale. For example, Coca-Cola and McDonald 's appear to understand immense significance of not managing all societies alike.
In the world economy they create a powerful force. The multinational corporations have shown enormous power in the areas of international trade and finance. These businesses accounted for only one-eighth of all international trade in early 1970 's. Its easy to see how they have much they bounded since. Characteristics of a multinational company include: They are massive in size and turnover super normal profits.