Multinational Corporations: Are they Devils in Disguise?

Hello,

I believe that MNC's are doing a great job for the Indians when it comes to a point of employment. No doubt these companies are providing employment to many our Indian youths by which so many people in our country are employed and I believe that we should be thankful to them as because they are providing a great environment to work for an employee as well. We all know that when it comes to professionalism MNC's companies have a good platform to learn it which we Indian must learn to grow. Not only we are employed also we are encouraged by them but also many of our Indians are in a very good designation because of their talent. When it comes to talent Indians always prove their best.

I also believe that many of the small-scale industries are affected because of these MNC's but I wanted to say that to avoid this fact; we need to support Indians products too. Why we can't make in India and why we won't support Indian products when they are making in India. I've seen many people want foreign products to be used as they believe that only foreign products can provide the society status.

Indian always prove their talent Internationally not only in this era also if we go back we can see that we Indians are very talented in every aspect and foreign countries understand and appreciate us. We all have business mind but we didn't get support from us in India only.

I'm sorry to say that Indians are not recognized and also not valued by Indians only when it comes to believing the talent and quality and that is the main reason small scale industries didn't get recognition and not standing in front of MNC's.

I want to say that if we really want to be a developed country we not only to be an entrepreneur but also we trust each other quality and talent and our qualities should be recognized internationally.

To clear it I wanted to say an example of "iPhone" we all wants an iPhone due to the quality of it why we Indian can't make such quality product and a brand which should be recognized internationally and get benefits of it. To answer this the question I must say our Indians are that much talented that they can make more good and best product which can become International brand but where we are losing is that we don't get recognition by us that is the reason our Indian small scale companies are lacking and somehow Indian company are not standing to the International market.

I did a research and find that to grow every individual needs to have his its own business but when it comes to many Indian I'm sorry to say we just wanted to work for an MNC's by which we would be recognized in the society. Do we really need to have such kind of recognition?

I believe that we should take a step and grow through our own thought. We've history that there are many people in past who think different and grow in India with their talent and business mind.

We should be a business minded and not to be stuck at a single company with the A.C. rooms to the rest of their life. I believe that sweat needs to come out from every individual and I want to request to everyone that please believe on Indians product and make them a huge brand.

Thank you for reading this.

I hope and wish that one day we will be able to stand our business to other country and provide employments to their country people.

There is something wrong in the MNC that needs a real study from people around the world. Too many things are not clear enough and it is not clear to everyone how the MNC without corruption need to work. Actually, I don't even know if there is an MNC without corruption these days or if the MNC is the real devil. All I know is that I was a witness of an MNC that shut down every business outlet of its franchise system.

It was and MNC selling electronics, like watches, calculators and things to bring at school. I don't recall all of the articles. I was in Canada at that time and I did ask the owner why he was shutting it down. He said "I am doing good profit and they force me to shut down because the head office is shutting down". I was very surprised. I don't understand the real reasons why a franchise shuts down a store when doing good and all I can think about is this: if there is mafia they shut it down.

This is only my theory. How would anyone know if there is mafia. I assume that the owners of too many franchise stores are selling products with brand names that a franchise system does not want. In this case it could be Seiko, Sony, Panasonic, etcetera. In a food based franchise system it can be Nutella, Italian salami, prosciutto, mortadella, pasta and things of this kind. My own idea of a franchise system without corruption was that a franchise does not want to sell anything meant to be sold into small stores because it attracts mafia and it brings, probably, counterfeit products into the brand names. I did notice that a food based franchise system, a grocery store, sells very different things in Italy that were not sold in Canada because here in Italy you find easily Italian products of well known brand name.

Amazon is also selling italian food and many other MNCs did introduce italian brand names or high quality electronic products that are meant only for the professional sector and that were usually sold in small stores. If my theory is true this big corporations are all set to their own destruction because they are stealing jobs from the small business and probably keeping mafia connections. My theory is supported by the fact that when a franchise name does something wrong they begin to brake rules: renting a space to another business (i.e. McDonalds selling italian pizza); replacing logo color and design, replacing forniture or style with a different style. Those are all signs of mafia sneaking into the franchise system and turning it into the devil.

The devil exploits those who supply the product, it enslaves them by purchasing merchandise at a very low cost that is impossible to make money with; by removing them from a list if they do not obey their request and organizing with the working word to destroy economically someone that does not comply with their request.

Hi all. I would like to share my view on MNC's and their effect on the economy of the host countries.

Mnc's are large corporations operating internationally engaging in the production of goods and sales.

Mnc's set's it's production facilities in several countries and utilizes it's natural resources which is abundant in host countries, in turn making it cost effective.

So the entry of mnc's globally has led to many positive as well negative implication in the host countries economy.

With the liberalisation of our economy in 1991 we have seen horde's of mnc's entering our economy and making use of it's rich resources.

Now the implications of mnc to Indian economy has been a matter of discussion since then.

Let us understand what the critics and supporters has to say about the mnc's and it's consequences.

Supporter's to Mnc's state the following reasons:.

I). Employment : Mnc's undoubtedly create more employment opportunities.

II). Skilled labours : Not only it create employment opportunities but also trains them to become a skilled labour.

III). Technology : Mnc's introduces latest technologies.

IV). Bilateral ties : it strengthens the bilateral ties between host and the home countries. Critic's argue that.

I). Excessive profits : The main aim of mnc's is to earn profit in a short term by making excessive use of the available resources. Critic's argue that in doing so, mnc's are not worried about the long term implications, which will be affecting the resources of the host countries.

II). Westernization : Mnc's are charged of westernizing the host country.

III). Technology : it is true that Mnc's will get advanced technologies to the host countries, but in turn it also leads to unemployment as these Technologies make use of less man power.

IV). Quality : It is said that quality of the product produced by Mnc's are of inferior quality to That which are being marketed to developed countries.

V). Monopoly: Mnc's are accused of monopolizing the markets and wiping out the domestic companies.

Considering the arguments from the both sides, we cannot rule out the fact that mnc's is both a boon as well as a devil in a disguise.

But I do feel that with proper norms and conditions from the government, Mnc's can be kept at a check.

Steps has to be taken to see to that.

I). Mnc's abide to the laws of the land.

II). Fair competition exists in the market between mnc's and domestic companies.

III). Quality check has to be done regularly from the concerned departments.

IV). It has to respect the Labor laws and should act in accordance to it.

The term MNC by definition means, any company registered in many countries for its business purposes. Now whether MNCs are good or bad or us, needs to be.

Analyzed in two terms:

MNCS setting up business offices in India.

I find this definitely encouraging for our economy. Ours is a country with youth dominance. Unfortunately, we can not provide employment to all of them, so inviting some reputed international company to set us their business in our country is productive. Moreover we get exposed to the new technology, better processes and international competency.

But here, a certain checks need to be put.

Firstly, such companies should have an increased CSR mandate, so that they are Bound to give back to our society.

Secondly, there should be strict pollution control protocols. For it may so happen, that these guests companies have little consideration for our national natural heritage.

Thirdly, there are lot of complaints about work pressure in these companies, if this is really affecting the health and lifestyle of our people, Govt can set up a regulatory body there too.

Now we talk about our people working at different business location. Even this is good for our country. If our people are that talented, that some business giants are ready to invest in them, why should we stop them? Even when we can't do justice to their capabilities. Our folks working abroad can learn new technology,

Get exposed to better working conditions, earn a lot more, and learn new cultural things too if they are life enriching to make this profitable for our people at home, we can have increased taxes for them. If brain drain really increases, we can put a restriction on the number of years one can spend abroad. Our Indian people are so much talented, that we want to set certain policies with the MNC to increase their payrolls and to give back to our country,

They may happily oblige. If these are taken into consideration, MNCs can not be bad.

In regard to this topic I would like to say that globalization has seeped in the Indian roots so much that it is inevitable and not desirable that any country like India can survive without these supporting pillars of globalization. Actually it has been started due to the low productivity, red tape and other issues like corruption also.

It has been observed that the productivity and profit has increased heftily due to the private companies coming into the foray i.e. PPP-Public private partnership. Some companies which are at the verge of going down the sustainable level, then these MNCs come to there rescue often with conditional.

But a large chunk o public sector companies are profiting form this. We can take the illustration of the coal mining. 90% of the coal mining in India is done by coal India which is a public sector owned company. Largely the coal blocks are allocated to them. The result is non-expedient process of mining which is a hurl back at the economy itself because most of the power generated in our country is through coal plus there are coal mafia also indulged. MNCs are giving lots of employment opportunities also to our young generation which are looking every time to have a job in public sector.

The added advantage of these companies is the transparent process of hunting the candidate. These companies has infused a sense of rapprochement with the outside world also, breaking the so there is also mutual cooperation and understanding. With the added advantage of FDI now MNCs can invest in Indian companies without having a second thought. Conclusively it can be said if India puts its manpower and resources to work in collaboration with the outside world effectively and efficiently that is can fuse a sense of reliability among Indian investors and also the world we see to it the Indian growth story.

Hello friends,

I have read many comments with pros and cons of MNC's. I would love to give mine too.

As per my view MNC's are not devils. Because every company is established to earn some profit and as they are investing more they have the right to earn profit.

Yes, MNC's are recruiting students from top colleges/Universities. But also they started recruiting from others too. If a student who ever is studying in top university might worked so hard to get admission over there and he deserves this.

As many friends already stated, every coin has two sides.

MNC's are well contributing to GDP and developing excellent infrastructure and because of these MNC's new technologies are well adopted here. They even providing a huge employment and handsome salaries.

During 1990's when Indian economy is growing at snail speed, these MNC's hastened the growth.

Some has stated the employment given by them is very less. I agree, but as a company they can employ as per their need.

Also a few said they are working only for profits. May be, as a company they will earn. But as per Government rules CSR (Corporate Social Responsibility) activities are compulsory and MNC's are following now.

Some said MNC's are not allowing small scale business to develop. I completely disagree with this. Because this is a competition world and they compete for their existence. Though if MNC's are not there, we are not sure Indian giants like TATA, Reliance, Birla's etc. , would encourage small scale businesses.

MNC's also having dark side, because of whom scams are happening. Also remember Indian MNC's also involved in the same.

Not talking about MNC's, let hope Indian Government May bring some regulations which encourage entrepreneurship and small scale businesses.

Thanks. !

Hi Guys,

Actually whenever we try to make a plan to do anything so it is obvious that we get both advantages and disadvantages and after calculating a huge scale if we get more advantages scale than disadvantages so we keep on in the era. So if we have more and more advantages doing that particular thing than disadvantages so it is easy to take a decision that what is right and wrong to do. And if we talk about "Multinational Corporations" so there is a same situation with it I mean there are more and more advantages than disadvantages in many forms abide with MNC. This is a private sector which offers more and more jobs to them who are talented in their life and in other hand if we talk about Government sectors so its job scale is very low I mean hardly people get jobs in the government sectors so if there are not enough jobs so what will happen of all those people who are jobless so in this situation Multinational Corporations are blessings for people in this nation. It doesn't mean MNC offers fewer benefits at all even it offers more and more benefits to the candidates in their organisations. Like: Life Standard, High salaries, Platform to prove our self, Increase GDP rate of our country, Increase employability of our country, Change people vision, due industrialisation etc. And as we all know that our nation is developing nation so at this stage these kinds of benefits are useful to raise our nation very fast because a better employment brings us a lot of happiness in our life.

So over all I can say that Multinational Corporations are boon for the nation not Devils.

"Think bigger get bigger".

Thanks.

Hello friends. Its a fact that MNC's only motive is profit, but I have a question.

Don't you think that each and every individual wants profit. We all know people won't pull up their socks to work hard unless and until they are profited. In a similar fashion MNC wants profit, but what's the harm if our nation and MNC both get profited. Practically its good that our economy is also prospering with the help of MNCs.

These multinational companies brings employment they also create competition which is really required to improve the quality of goods and ultimately the consumer can have access to goods at reasonable price. During recession our economy was drastically going down but it was MNC which pulled the nation from this trench. MNC's are profusely responsible for the development of infrastructure, lifestyle of people, status and so on. People though have to work hard in MNC's but they get handsome salary as well. Friends we all know the intensity of corruption in our country and also the numbers of people who avoid paying taxes somehow and consequently the exact revenue which is supposed to be generated never reaches the government MNC's plays a major role in the generation of revenue in the form of tax.

I do agree that there are many problems like corruption, hike in price etc occurs due to the activities of MNC's but there is hope that we can handle it if we implement some laws which can prevent amiss caused by MNC's. If MNC's are the devil in disguise then it is obscure that how the entire nation is being benefited by MNC's.

Hello Friends.

Multinational Corporation (MNC) having business in many areas like BANKING, INSURANCE, MANUFACTURING, MARKETING, AUTOMOBILE INDUSTRIES, IT COMPANIES.

I AM NOT AGREE WITH DEBATE TOPIC, SINCE EVERYTHING HAVE PROS AND CONS.

Lets discuss process of MNC.

1. India is a developing country so it need employment of every citizen. MNC have business in many area and they (MNC) provide a huge number of jobs with attractive salary.

2. The GDP of the country also depends on the per capita income of the nation and when people have job in their hand GDP will automatically increases.

3. They (MNC) comes with new technology culture and this make a positive impact over the Indian people.

4. They are also credited for the import, export of goods, culture, education, science, technology from one country to another country.

5. MNC play a major role for bilateral tie between the country.

Here some cons of MNC.

1. MNC brings corruption, since they (MNC) are extreme choosy about what they want, they (MNC) do not care of health of employee, falling of rupee. Every time they (MNC) make their best effort to make all situation in their favor.

2. Small scale industries business man are being defeated by MNC. Since MNC have better technology, better tool to boost their business and they fulfill customer need and satisfied customer as compare to the Indian business.

3. They play a minor role to destroying Indian culture.

4. Drain resources from the country.

I completely disagree with the topic. No MNC are not at all Devils. Rather they are like a hope of ray in dark night. Seeing the cut throat competition across the nation only those who get their education from big institutions are able to Crack those government jobs exams where the vacancies are very less so people getting employed at these posts get their dreams but what about other people.

Haven't they completed their GRADUATION? Aren't they capable for the job? The answer is no. Yes they are capable of doing all these things but what they don't get is the opportunity so for these students the MNC come up like a ray of hope and provide them with good job and awesome salary package. Although it's true that in MNC they make us work for huge hours but it's well said 'no pain no gain' so the more effort we put up, the more we get admired and thus get promoted same way.

One should not forget that although British Empire came into India and ruled over us but it's because of them only that we can see the huge changes in our county be it the great India museum of Kolkata, the big big building in Mumbai, metro etc were introduced by them and to them we are thankful even today. So it's not at all unfair to use manpower for work unless we are not being paid for what we are doing. So MNC are doing a great job in developing a nation regardless of its economy or where it stands.

Thank you.