Examples of mnc and Industry Case Studies
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- Facebook: A Transnational Corporation and its global links
| MNC: MC Donald’s Founded 1940, USA MC Donald’s is a company at the forefront of globalisation, McDonald's is the world's largest fast food restaurant chain, serving over 69 million customers daily in countries in more than 40 000 outlets as of 2021 McDonald's is the world's second-largest private employer with 1.7 million employees behind Walmart with 2.3 million employees). Benefits: • Each new store that is build creates jobs (eg. opening of Mc Donalds at Kennedybrücke in Vienna created 30 new jobs) • Mc Donalds is involved in youth sports, local charities, and other inspiring events by donating via its charities. Disadvantages • Salaries vary per country, and are generally low • Sometimes considered to have poor working conditions Facebook: A Transnational Corporation and its global links Founded in 2004 As of July 2022, Facebook claimed 2.93 billion monthly active users and ranked third worldwide among the most visited websites as of July Facebook has close links to businesses all of over the world, as it not only owns the messenger service Whatsapp and the social media platform Instagram, but also offers advertising space through its Facebook Ads service, and allows retailers and people to sell and trade goods in its marketplace. An econometric analysis found that Facebook's app development platform added more than 182,000 jobs in the US. economy in 2011. The total economic value of the added employment was about $12 billion ($14.5 billion in 2021 dollars In the past, Facebook has also come under fire for data partnerships with other TNCs including, but limited to, Amazon, Microsoft, Yahoo and Spotify. However, amidst privacy concerns, the company has had to reduce the strength of its global links and is instead shifting towards a slightly more localised global approach. Nonetheless, Facebook continues to maintain and develop strong global links through mergers and acquisitions, its headquarter location in Silicon Valley near other high-tech, and software firms, and its relationships with governments and business networks all around the world. Download 252.44 Kb. Share with your friends:
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