Describe Some of the Issues Faced by Multinational Corporations in Adapting

question 131

Essay

Describe some of the issues faced by multinational corporations in adapting their control systems to deal with operations in foreign countries such as addressing 1)cultural differences and 2)in dealing with more versus less developed subsidiaries.

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Definitions:

External Stakeholder

Individuals or entities outside of a company that have an interest or concern in the business operations, such as customers, suppliers, and the community.

Supplier

An entity that provides goods or services to another organization, typically within a supply chain or production process.

Shareholder

An individual or entity that owns shares in a corporation, making them partial owners and entitling them to dividends and certain rights regarding company governance.

Marketing Information System

A structured system of managing and analyzing marketing data that supports business decision-making related to marketing activities.