Multinational Corporation Basics
What is the definition of "Multinational Corporation"?
A large company that owns or controls production of goods and services in multiple countries
What are the main 2 characteristics we discussed regarding multinational corporations?
Large size, centralized control (headquarters)
How often should business plans be updated?
Annually (once a year)
Where are the headquarters of a Multinational Corporation usually located?
In the home country
What is a subsidiary?
A company owned by a larger company
What are the two audiences of a business plan?
Internal: entrepreneurs, business leaders, employees
External: investors, merchants, consumers
How much revenue (%) must be generated outside of the home country for a corporation to be considered multinational?
25%
What percent of the worldwide workforce is employed by multinational corporations?
1%
What part of a business plan describes how the company is different from the others?
Mission Statement
What is another term for a multinational corporation?
Stateless Corporation,Transnational Corporation, International Corporation,Worldwide Enterprise,Multinational Enterprise
What type of products are produced by the top multinational companies?
Energy (oil,gas, electricity)
What part of a business plan describes the future goals of a company?
Vision Statement
What is market capitalization?
Price of share X number of shares
Shows public's opinion of the company (how many stocks people buy)
Describe one of the "corporate scandals" we discussed
Nestle exploitation of water
Facebook selling user-data
What is the acronym that businesses use for goal-making?
S.M.A.R.T.
S- Specific M- Measurable A- Attainable R- Relevant T-Time-Based