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List and Explain Three Strategic Motives Why Firms Become Multinationals

question 65

Essay

List and explain three strategic motives why firms become multinationals and give an example of each.


Definitions:

Proper Training

Systematic instruction and education designed to equip individuals with the knowledge and skills necessary for their roles.

Economic Gain

The increase in financial value or wealth, often resulting from business activities, investments, or measures of economic performance.

Management Thought

The theories and principles that guide the practices and decisions of managers in planning, organizing, leading, and controlling an organization.

Rational Consideration

The process of making decisions based on logical inference, facts, and analysis rather than emotions or intuition.

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