Udaya Raj Adhikari's Blog

A multinational corporation (MNC) or multinational enterprise (MNE) is a corporation enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation. They play an important role in globalization. A corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management. From above we can summarize it as ·         Large in size              Simultaneous Operations in Multiple countries: ·        Factors of production from multiple countries: ·        System form the home country applied to the host countries: ·        Virtual independence of subsidiaries. Types of MNC’s On the basis of Management Orientation: 1.      Ethnocentrism : Home country system is superior, sees si

Planning is an essential element of planning, covers not merely looking into the future but making provisions for it. A plan is then a projected course of action. All planning involves anticipation of the future course of events and therefore bears an element of uncertainty in respect of its success. Planning is concerned with the determination of the objectives to be achieved and course of action to be followed to achieve them. Before any operative action takes place it is necessary to decide what, where, when and who shall do the things. Decision- making is also an important element of planning. Planning determines both long-term and short-term objectives and also of the individual departments as well as the entire organization. According to Fayol - "The plan of action is, at one and the same time, the result envisaged, the line of action to be followed, the stages to go through, and the methods to use. It is a kind of future picture wherein proximate events are outlined with

 Manager work in organizations. They perform management function. They direct activities of other people. They   create conducive environment to get the jobs done .Managers have a hierarchy with respective skills consisting of three levels. i.                  Top Level of Management The Top Level Management consists of the Board of Directors (BOD) and the Chief Executive Officer (CEO). The Chief Executive Officer is also called General Manager (GM) or Managing Director (MD) or President. The Board of Directors are the representatives of the Shareholders, i.e. they are selected by the Shareholders of the company. Similarly, the Chief Executive Officer is selected by the Board of Directors of an organisation. The main role of the top level management is summarized as follows :- a)      The top level management determines the objectives, policies and plans of the organization. b)      They mobilizes (assemble and bring together) available resources.