Sunday, June 24, 2007

Wikipedia Definition of MNC

Wikipedia defines a Multi National corporation (MNC) as "a corporation or enterprise that manages production establishments or delivers services in at least two countries. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in international relations and local economies."

The article mostly talks about large corporations and also goes on to describe the International power of the large MNCs, "large multinational corporations can have a powerful influence in international relations, given their large economic influence in politicians' representative districts, as well as their extensive financial resources available for public relations and political lobbying."

A Micro Multi National Company (MMNC) also operates in multiple countries and that is pretty much where the similarities between MMNC and a typical large MNC end. While a large MNC has the lobbying power and the financial muscle to influence the governments or the local markets, MMNCs, on the other hand, make the best use of the resources available to them at any given point in time to establish themselves in a particular country.

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