Question

Generally mention atleast seven challenges and hurdles that stop the emergence of new multinational companies and the growth of existing multinational companies in a country ?

Answer 1

Seven challenges and hurdles that stop the emergence of new multinational companies and the growth of existing multinational companies in a country are stated below=

1. There are a high bureaucracy and red-tapism in the government administration that depresses the development of new ventures by creating the hurdles in the form of corruption and deadlocks
2. The social and cultural values of the society do not promote or motivate the entrepreneurial skills among the citizens
3. There are no incentives given by the government in developing new organizations and private firms
4. There is a strong cartel in the country that prevent the development of any new organizations in the country through its huge resources and bargaining power
5. The country lacks the basic infrastructure and facilities to promote the new ventures and lack of technology required
6. Unstable political and economic environments that depress any new venture and entry of external organizations
7. Not enough financing facilities to sponsor the creative and innovative ideas