Mncenv Compatible
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Transcript of Mncenv Compatible
MNC Environment
BYCapt. Rajeshwar Singh
Multinational Corporations MNC’s are network of firms, linked together by ties of
ownership and control, and operating in multiple countries.
MNCs …• Operate in more then one country.• Sell their products in International markets• Managers and owners are of different nationalities• Must learn to work effectively with people from
different countries
Importance of MNCs MNCS have important organisational advantages which
domestic firms cannot match Economics of Scale MNC’s to produce technologically sophisticated
products at lowest possible cost. MNCs can maximize the firms access to less expensive or more
productive capital ,resources and labour located in variety of countries. MNCs have access to transnational marketing networks which enable
them to distribute their products in a variety of countries.
Most importantly , MNC can integrate these advantages in order to To develop latest technology Use them to innovate new products or production processes Coordinate production and marketing on a multinational scale
MNC’s KSF in India View India as Key Focus Area Formulate bold, long term targets that drive decision
making Create processes that accelerate the integration as well as
localisation of the organisation Change the rules regarding Global metrics Build for the long term in India regarding People, HR
practices Define a country added role for country management. Establish local team credibility
MNC’s KSF in India
Leverage India opportunities beyond product market.
Localize parts of the value chain to obtain Indian costs and capability benefits.
Formulate India specific business model strategies [ product, value pricing]
What MNC Requires leader with vision Decision maker Mentor Learner Go-getter Honest Integrity SMART Goals Setter Initiative / Innovative
Leaders Impartial Straightforward Visionary Team worker Attitude Values Decision Maker Motivation communication
Mentorship Be guide to your peers, collogues and seniors. Support them to grow Share your knowledge Investment of Time Commitment
Success Factors Accomplishments / getting Results. Taking initiative Communication skills Problem solving Team work and team leadership Project Management Decision making Strategic / Innovative thinking Handling Pressure
What do you See ?
Global compact Labour Standards
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and Principle 6: the elimination of discrimination in respect
of employment and occupation
Global compact The Global Compact is a framework for businesses
that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and anti-corruption.
Human Rights Principle 1: Businesses should support and
respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Global compact Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
Global Compact
Anti-Corruption Principle 10: Businesses should work against
corruption in all its forms, including extortion and bribery.
Corporate Governance Key elements of good corporate governance principles
include honesty, trust and integrity, openness, performance orientation, responsibility and accountability, mutual respect, and commitment to the organization
Rights and equitable treatment of shareholders Interests of other stakeholders Role and responsibilities of the board Integrity and ethical behavior Disclosure and transparency Mechanisms and controls Internal corporate governance controls
Corporate Governance External corporate governance controls Systemic problems of corporate governance Role of the accountant Regulation Enforcement Action Beyond Obligation
Developing Individual Induction Achievement Responsibility Authority-Delegation of Power-empowerment Training Recognition Growth Performance Reward Task- communcerate with person Grievances and redressal Security
Interview strategies Gather your Resources networking and get
ready. Your Resume and Cover letter. PAR Problems [solved]-Action [taken]-Results Researching the company and deciding the
career. Preparing for interview. The interview