IB0012 – Management of Multinational Corporations

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ASSIGNMENT

DRIVE	Fall 2015
PROGRAM	MBADS (SEM 3/SEM 5)MBAFLEX/ MBA (SEM 3)PGDIB (SEM 1)
SUBJECT CODE & NAME	IB0012 – Management of Multinational Corporations
BK ID	B 1906
CREDIT& MARKS	4 CREDITS, 60 MARKS

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question. 1. ‘The eclectic theory is an analytic approach towards understanding foreign direct investment as well as the organizational issues of MNCs pertaining to international production.’ Critically examine this statement.

Answer:Multinational corporations have existed since the beginning of overseas trade. They have remained a part of the business scene throughout history, entering their modern form in the 17th and 18th centuries with the creation of large, European-based monopolistic concerns such as the British East India Company during the age of colonization. Multinational concerns were viewed at that time as agents of civilization and played a pivotal role in the commercial and industrial development of Asia, South America, and Africa.

Question. 2. What do you understand by global sourcing? What are the different forms of global sourcing? Elucidate.

Answer:A procurement strategy in which a business seeks to find the most cost efficient location for manufacturing a product, even if the location is in a foreign country. For example, if a toy manufacturer finds that manufacturing and delivery costs are lower in a foreign country due to lower wages of foreign employees, the company might close the domestic factory and use a foreign manufacturer. See also outsourcing, international

Question. 3. Why is a good organizational structure needed? Also discuss the benefits of a good organizational structure.

Answer:Businesses require structure to grow and be profitable. Designing an organization structure helps top management identify talent that needs to be added to the company. Planning the structure ensures there are enough human resources within the company to accomplish the goals set forth in the company’s annual plan. It is also important that responsibilities are clearly defined. Each person has a job description that outlines

Question. 4. How is the performance of employees assessed and appraised in multinational corporations? Explain in brief.

               

Answer:In some organizations appraisal results may be used to determine relative rewards in the firm -- who should get merit pay increases, bonuses, or promotions. Similarly, appraisal results can be used to identify the poorer performers who may require some form of counselling, demotion, dismissal or decreases in pay.

Interestingly, performance appraisal is a very controversial managerial issue. Some researchers have expressed doubts about the validity and reliability of the process.  On the other hand, there are advocates of performance appraisal who claim that it may well be the most critical of all human resource management tools.

Question. 5. What are the main reasons pertaining to the inadequate attention towards issues relating to labour relations in MNCs?

Reasons

Answer:Key Issues in International Industrial RelationsWe have seen a growing curiosity about the issue of internationalization and best practices adoption and its impacts on the convergence of employment relations. Before we discuss about the key issues in international industrial relations, we should know what is IR and IIR. Industrial relations refers to a set of phenomena, both inside and outside the workplace, worried about identifying and managing the employment relationship. International Industrial Relations (IIR) handles the complicated associations between employers employing foreign nationals, employees of various

Question. 6. Write short notes on:

a. Indian MNCs

Answer:

Multinational corporations are those large firms which are incorporated in one country but which own, control or manage production and distribution facilities in several countries. Therefore, these multinational corporations are also known as transnational corporations.

They transact business in a large

b. FDI and MNC

Answer: Foreign direct investment (FDI) and multinational corporations (MNCs) play a large and growing role in shaping our world, both economically and politically. Public and academic opinion has long been mired in an inconclusive debate as to whether these phenomena are beneficial things that should be encouraged or harmful things

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