Secondary Keyword Mnc , Classification Of Mnc , Benefits Page Title-- MNCSub Titlemulti National CorporationsMNCsAn , Which Allocates Company Resources Without Regards To National Frontiers, But Is Nationally Based In Terms Of Ownership And Top Management. It Comprise Of Three Words Multi, National And Corporations. These Words Together Means That Corporations Which Have Established Their Offices To Increase The Interaction Either By Their Own Efforts Or By Collaborations With Other Companies. Thus Multinational Represents Highest Level Of Overseas Involvement And Is Characterized By Global Strategy Of Investment, Production And Distribution. MNCs Are Enterprise Which Owns Or Controls Production Or Service Facilities Outside Their Home Country.Classification Of MNC By BehaviorEthnocentric: These Are The Type Of MNCs Which Have Strong Orientation Towards Home Country. This Means That Home Country People Are Considered As Superior And Allocated All Key Posts.Polycentric: Just Opposite To Ethnocentric Polycentric Type Of MNCs Has Strong Orientation Towards Host Country Where Few Key People Are Nationals And Remaining Are From The Host Country.Regiocentric And Geocentric: These MNCs Have Their Concentration In Whole World And They Make Selection For Best Employees Whether They Are From Host Country Or Home Country It Does Not Matter.Characteristics Of MNCsSingle Managerial Authority ControlWorldwide Integration, Better ProfitabilityGlobal PerspectiveClose Coordination In Parents AffiliatesWorldwide MarketBenefits Of MNCsTraining Of Domestic ManpowerIncrease Pace Of Economic DevelopmentPromote Better Products At Lower CostsEmployment To LabourIncrease In Production, GDP, ExportsIncrease In Governments RevenuesCriticism Of MNCsIncrease Gap Between Rich Poor CountriesMisallocate Misuse Scarce Natural ResourcesHome Country Loses Jobs When MNC OverseasEmploy Transfer PricingAggravate Unemployment In Developing CountriesCompetition From MNCs Local IndustryEntry Strategies Used By MNCsExportingLicencingJoint VenturesManufacturingContract Management Turnkey ProjectsArguments In Support Of MNCs In IndiaChange In PerceptionEconomic ArgumentsTechnology TransfersForeign Investment Vs. BorrowingBenefits Of Indian Liberalization To MNCsPositive Steps Taken By GovernmentEffect Of These StepsDirect Benefits To India Of The Increasing Presence Of MNCsIncreasing Scope Of Professional EducationIncreasing Competition Among States For FDIExpanding S Consuming Class As A Source Of InputsInfrastructural GainsCriticism Of MNCs In Inappropriate Products Launched By MNCsOvershadowing Domestic IndustryMNCs And Child LabourWorkers ExploitationMNCs And FUTURELeading Global Business Intelligence And Consultancy Firms Such As Giga, Forester Research And McKinsey Co. Have Cited Various Reasons For The Increase Of Offshore Outsourcing By MNCs To .
