International-Business-Dr-R-Chandran-E-book
International-Business-Dr-R-Chandran-E-book International-Business-Dr-R-Chandran-E-book
106 International Business- Dr. R. Chandran its business by acts of God, riots, civil commotions, insurrections, wars acts or terrorism, or by any strikes or lockouts or any other causes beyond its control. A bank will not upon resumption of its business, honour, or negotiate under a credit that expired during such interruption of its business. Article 38: For the purpose of this article, transferable credit means a credit that specifically states that it is transferable. A credit may be transferred in part of more than one second beneficiary provided partial drawings or shipments are allowed. But a transferred credit cannot be transferred at the request of a second beneficiary to any subsequent beneficiary i.e. it can be transferred only once. International business organizations are relocating their manufacturing units. Destinations are changing for their goods. Companies like Mitsubishi and support their goods through ship liners. Obviously, trade finance transactions are integral parts of their business. Only for Private Circulation
107 International Business- Dr. R. Chandran 7.MULTINATIONAL CORPORATIONS The world is my playground; Playing is my duty. No barriers or obstacle is known to me. Let me play everywhere and anywhere and at any time. Going and performing in any part of the world is fundamental principle of an MNC. Learning value: On going through the chapter, reader will 1. Understand the concept of MNCs. 2. Role of Head-Quarters and subsidiaries in the current scenario. 3. Basic philosophy of MNCs. 4. Risk analysis of MNCs. 5. Criticism of MNCs and few illustrations. THE CONCEPT If we ask any employee of a multinational company in a developing country, he is proud of his status, sense of achievement and affluence as compared to his peers. The system, style, technology and working style elevate his position little higher than others. What is Multinational Corporation? “The multinational is a business unit which operates simultaneously in different parts of the world. In some cases the manufacturing unit may be in one country, while the marketing and investment may be in other countries. In other cases all the business operations are carried out in different countries, with the strategic head quarters in any part of the world.” For example, the Manhattan based company, Colgate Palmolive Inc., which manufactures and markets dental care, health care, hair care and skin care Only for Private Circulation
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106<br />
<strong>International</strong> <strong>Business</strong>- <strong>Dr</strong>. R. <strong>Chandran</strong><br />
its business by acts of God, riots, civil commotions, insurrections,<br />
wars acts or terrorism, or by any strikes or lockouts or any other<br />
causes beyond its control. A bank will not upon resumption of its<br />
business, honour, or negotiate under a credit that expired during such<br />
interruption of its business.<br />
Article 38: For the purpose of this article, transferable credit means a<br />
credit that specifically states that it is transferable. A credit may be<br />
transferred in part of more than one second beneficiary provided<br />
partial drawings or shipments are allowed. But a transferred credit<br />
cannot be transferred at the request of a second beneficiary to any<br />
subsequent beneficiary i.e. it can be transferred only once.<br />
<strong>International</strong> business organizations are relocating their<br />
manufacturing units. Destinations are changing for their goods.<br />
Companies like Mitsubishi and support their goods through ship<br />
liners. Obviously, trade finance transactions are integral parts of<br />
their business.<br />
Only for Private Circulation
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