Multinational Corporations: Are they Devils in Disguise?

Given this topic to discuss, I would like to first state the age-old saying change is the ultimate constant. In this era of globalization, welcome international relationships and working in sync with the global market is the need of the hour. The establishment of MNC's has created a core zone of employment among Indians. Having headquarters in some foreign land these MNC's offer the opportunities to its employees to get transferred for short or long duration to other countries, resulting in greater career prospects, global utilization of an Indian resource. Sundar Pichai is in the list of world's most successful businessman, he too belongs from India and is today making India proud with his success on the global platform. Moreover these MNC's pay taxes to the Indian government, which is a great cash flow to the Indian economy. Infact, in US or other countries where their headquarters are situated, a large portion of their workforce are Indians who are making prospective careers abroad. One negative impact that I can list down here is the increasing pressure that these MNC's impose on indigenous industries. However, I feel any competition should be treated in a healthy way and success can be more cherishable when achieved in a challenging environment.

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.

MNC's have advantages as well as disadvantages. Advantages are goods are available at lower cost to the customers they get a lot of offers and discounts it also provides employment to the youth of our nation and helps in their career growth and development of the country as technological advancement is also welcomed along with the establishment of the MNC. Disadvantages include the small-scale industry and start-up business has to face a huge competition which leads to closure of the business. Mnc also helps in strengthening relationships along with other countries.

Multinational corporations opportunity for one and threat for other. There are many aspects whom multinational corporations affect. Business class especially small and medium size business and start-ups have to face problem due to multinational companies. They have to face increased competition. Reduced return followed by reduced earnings. They have to fight for their survival for even short run. They have to struggle with large size domestic company as well as MNCs. Whereas job-class gets job opportunity, secured future, better living standard. And most importantly consumer get benefit of more variety, cheaper products and services due to reduced price. MNCs effect economically as well as socially.

The concept of MNC came into India along with Britishers. The first India MNC was the East India company which was run by the Britishers.

At present, there are many Multinational Corporations in India running successfully in India. This MNC has increased the job opportunities in India and helped India in connecting with the world.

MNCs as known they help our country in many ways but has always been a threat to many developing countries. Before MNCs came to India every people were working and many of them were farmers who worked for self-profit. But after MNC entered India, as known they used up our resources and draining all the industrial waste in the rivers and polluting them. India has a very large population and water is a basic need for us which is being polluted by many of these companies. Secondly, small industries are affected due to heavy competition with MNCs. Many farmers dying and the small industries closing their industries. There occurs unemployment. With many losing their jobs (because of MNCs) and joining MNCs as slaves only for the other country's profits.

JUST THINK OVER IT.

Hi guys,

Multinational companies are not. They are providing so many opportunities to develop the country along with that it provides more employment opportunities to us. For example, if you see the govt sector, there if u want to get the job, you need to put more efforts and there scst, general, etc. but this method is not in private sector. If anyone has basic knowledge, they can easily get the job but they have to work hard and improve their performance. Based on that they can get knowledge and promotion but this method is not in govt. sector.

MNC's are helpful to develop our country by launching new products and distributing it to the market. From that, they will provide a huge tax to the govt. In this ways, MNCs are helping to grow our country.

MNC companies gives many employment opportunities to evry qualified people. Salary package is quite ok. But it also has some drawbacks. We have to work for some other country. We become slaves to them. Work pressure is high. We have to work for from morning 9.00 am to 9.00 pm. By this stressfull work, we get depressed, tired, family life has been affected. Health issue had occured. Salary is high but work pressure is more. No holidays will be provided except one day in a week. Especially women has to suffer a lot because before marriage their night shift work is ok but after marriage their husband and mother in law will not accept the night shift. After the birth of baby, they do not have time to take care of their babies. Both husband and wife has to run run to make their living good. So I conclude my saying that MNC is not suitable for people. Thankyou.

For me. No it is not the devil in disguise. We see in our country many multinational companies and we have many friends or relatives or neighbours working in those companies. So it is quite clear that it gives high employment to our youth. But we need to understnd their motives and their demand. When a company is run on private ownership the sole intention is to make a profit. And they will never tolerate any kind of non-performing asset in their companies. So as we change non-working machines for our own benefit. When employees become lazy or less competitive MNCs tend to replace them with better ones. So we can clearly understand that working in an MNC is highly challenging but there is immense growth opportunity and remuneration. If one can perform to one's fullest and update one's self along the company's demand. Moreover, these MNCs contribute in building India through their corporate social responsibilities. And govt earn huge amount as corporate tax from these companies. So, it depends on individual perspective. We all know the story of grapes being sour. Thank you.

According to me, MNCs are a boon for our economy. It brings new technology in our country makes market more competitive, provide more employment opportunities with good salary package. Provide quality product at low cost, improves standard of living. Yes, there motives are only to make profits and is a threat to sdomestic businesses. But if government comes with few effective initiatives like to make the working hours of MNCs less to make it less hectic and try creating equal competition amongst MNCs and domestic companies. Also doing this will ensure that skilled students from our countries do not migrate to other countries in oder to search for a better job with high salary package.