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Business of all sizes increasingly looks to other countries both to seek global opportunities and to keep an eye on global competition. why? Trade barriers are falling. World trade among countries in goods and services is growing faster than domestic production. Developing economics in Asia and Eastern Europe are growing rapidly as sources of production, competition, and sales. Money is flowing more freely across national borders. Companies seek the best rates for financing anywhere in the world, and investors look for the best returns anywhere in the world. Although less of a force for in search of better opportunities. All these processes represent a trend known as globalization.
Globalization is the worldwide trend of business expanding beyond their domestic boundaries, Globalization means that the world is becoming one connected economy in which companies do business and compete anywhere and with anyone, regardless of national boundaries. In a global economy, any company from any country can become a competitor in your own backyard. Consequently, companies can no longer afford the luxury of assuming that success in their home market equates to long-term profitability- or even survival.
Companies that remain "domestic-only" that is companies that do business only within their own country-are already falling behind their multinational competitors. Consider the following observations regarding the world's biggest companies. Business week recently noted for its Global 1000 rankings.
Since Business Week first launched its raking of the world's most valuable corporation in 1998, the global economy has been transformed. More countries are open to international trade and investment than ever before. This year's Global 1000 is a barometer of such change. The ranking show investors clearly valuing global champions while shunning domestic also-rans. From the U.S. to Europe to Japan, the companies moving up the ranking are those that have become worldwide names in technology, manufacturing, and consumer goods. (Symonds et al. 1996).
Fortune recently noted for its Global 500 rankings: "One clear message that pops out of this year's rankings: Over reliance on home markets is one of the surest routes to the bottom of the pack" (Clark)
What does this mean to the student of international business? With companies increasingly looking at global rather than domestic markets, managers of the next century will have little choice but to be multinational in outlook and strategies. Consequently, all students of business should have at least a basic background in multinational management. Simply put, multinational management is the formulation of strategies and the design of management systems that successfully take advantage of international opportunities and respond to international threats. Successful multinational managers are executives with the ability and motivation to meet and beat challenges of multinational management.
Own project introduces you to the latest information on how managers throughout the world respond to the challenges of globalization. You will see how businesses, both large and small, deal with the complexities of national differences in cultures, economies, and political systems. You will learn how multinational managers use their under standing of these national differences to formulate strategies that maximize their companies' success in globalizing industries.

Number of Pages of Project Report: 81
Package Includes: Project Report
Synopsis Available: No
Project Format: Document (.doc)

Table of Contents of Project Report:
1. Introduction
2. The Nature of Multinational Company
3. Defining Multinational Corporation
4. Defining multidimensional presence
5. Control and Performance Evaluation of Multidimensional Companies
6. Objectives of a Control System
7. Host Country's View
8. Domination of MNC's
9. Foreign Collaboration and MNC's
10. Defining Multinational Corporation
11. Challenges and Opportunities Before an MNC
12. Existence and Measurement of Political Risk in Respect of a Nation
13. Choosing the Right Mix
14. International Financial Management
15. Foreign Capital Vs. Foreign Aid
16. Summary and Concluding Remarks

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