Global Corporations
It is a global company generally referred to as a multinational corporation (MNC), a company that
operates in two or more countries, leveraging the global environment to approach varying markets in
attaining revenue generation. It has become an important phenomenon in today's business world,
through its predecessor companies in history, termed “Historical Globalization”. The phenomenon
itself in early patterns of trade and exchange in early historical period of both cities and countries
extended their reach beyond their own borders. And so, it has encountered virtually all the difficulties
and developments of the last hundred years in business organization and management science. The
development has not been straightforward for it has been much more than the growth of a single
company in an expanding market. It leads to the contemporary global corporation within the
dynamics of a two centuries-plus long duration spanning the period prior to the end of World War II
in which the modern nation state system emerged in ways that allowed invention and social
organization to combine that vastly increase world capital and the wealth of the nation states.
Management reorganization and the introduction of new management planning and control
techniques contributed a good deal to the global corporations expansion, and because mergers
played a vital role, the history of other companies is also involved.
