meaning and feature of global enterprise
Answers
Answer:
Global enterprises are the companies that operate around the world. ... Through a network of their branches in several countries, global enterprises extend their industrial and marketing operations. Their vision to work across many global frontiers to earn in international currencies of many countries.
Explanation:
Features of Global Enterprise--
:Huge Capital Resources
These enterprises have huge financial resources. They have the ability to raise funds from different sources. Funds are raised by the issue of issuing equity shares, debentures, etc to the public.
:Foreign Collaborations--
With companies of the host countries, these enterprises enter into agreements. These agreements are made in respect of the sale of technology, production of goods, patents, resources, etc.
:Advanced Technologies--
These enterprises use advanced technology for production, hence goods/services provided by the MNCs conform the international standard and quality specifications.
:Product Innovations--
These enterprises have efficient teams doing research and development at their own R &D centres. The main task is to develop new products and design existing products into new shapes in such a manner as to make them looks and new and attractive and also creates satisfies the demands of the customers.
:Expansion of Market Territory:
They expand their market territory when the network of operations of these enterprises extends beyond their existing physical boundaries.
:Centralized Control--
Despite the fact the branches of these branches of these enterprises are spread over in many countries, they are managed and controlled by their Head Office (HO) in their home country only.
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