Multinational Corporations or MNCs are corporate organizations that operate in more than one country other than their own. Multinational Companies (MNCs) have their central headquarters in their home country and secondary offices, facilities, factories, industries and other such assets in other countries.
These companies operate worldwide and are therefore also called global enterprises. Their activities are controlled and conducted by the parent company worldwide. The products and services of MNCs are sold in various countries, which requires global management.
High turnover multiple assets, and aggressive marketing are some of the characteristics of MNCs. LTI, TCS, Tech Mahindra, Deloitte, and Capgemini are some of the examples of MNCs in India. Let us understand the characteristics, and advantages of MNCs in detail.
Multinational Companies or Corporations – MNC
Multinational Corporation – MNC, the name itself is quite clear. It is a company or corporation that operates in several countries. So at any given time, its business activities take place in more than one country.
So let’s have a look at a more technical definition of MNC. A multinational corporation is a company that is incorporated in its home country (the country of origin), but it conducts business operations outside that country in several other foreign countries, which we call host countries. Its headquarters will be in the home country.
Note: Want to get a list of multinational companies in India? Click on the text link.
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