Multinational Management



Challenges Facing MNCs

In a rapidly evolving and changing business nature and increasingly getting intense competition characterized by aggressive competitors in the industries, the multinational organizations are facing the challenges of managing effectively. Since the multinational corporation has a wide scope of business operations, therefore their management needs are complex, strategic management is concept that may concept to the success of these international companies. The MNCs face the technological, innovational, human resources, and logistical issues which require special consideration from the part of the cross cultural management. The cross cultural management also becomes crucial and besides catering to the local needs of the customers, the management also has to ensure that the diverse employee needs are also met. The managers of the multinational companies need to establish the strategies and need to deal with multiple cultures, government and the systems. All these challenges make the MNCs undertake the policies that are effective in coping with the day to day challenges. However it is important to understand the extent to which strategic management supports the MNC's success and how well these organizations make the most of the strategic management concepts (Hitt, 2009).

8 step negotiation model

People don't plan to fail rather fail to plan and that's what 8 step negotiation is for. It's a step by step (there is no fixed pattern in steps) plan that is a shrewd and sensible maxim that has dogged many entrepreneurs, especially in MNCs. The negotiation model guides business owners from inception to conclusion in every kind of negotiation. When multinational corporations expand their businesses, they need to deal with the suppliers, customers and other stakeholder in that country or countries and there is a good chance of the debunking on their part because of suppliers and customers' know-who in the market which place them in ...