In: Operations Management
how has The Changing Nature of the Multinational Enterprise aided in global integration. I need an example along with a detail explanation please
The changing nature of multinational corporations have aided global integration through the following ways:
Outsourcing: The outsourcing strategies of most of the business organizations have helped to communicate two different countries for the same business. It is developed global integration by building cultural communication. Companies like Clarion technologies and Spericon have outsourced their business in the USA, which helped create global integrity.
Partnership business: global partnership business has helped business organizations to communicate different countries along with their society, culture, and cultural generosity. For example,- Red Bull and GoPro have partnered with each other. It has not only developed the companies' business situation but has also have helped promote cultural integrity.
Open trade policies: Most of the global business organizations like Walmart, Woolworths, Amazon Inc, and IKEA have adopted open trade policies. The open trade policies have helped the companies to enter into different market across the globe that promotes global integration.
Development of digital communication: The trend of digital communication has been adopted by most of the big shot business organizations across the globe. It has helped the companies connect their business partners, and international employees through various digital platforms like Facebook, WhatsApp, Mobile Application, and video conferencing. All the platforms have helped the business organization to maintain a real-time communication with all their partners, and employees in different countries which has integrated the global culture.