The Multinational Enterprise of the future Assignment Help
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Question
You have a choice to work for a globally integrated enterprise, a metanational, a glorecalized MNE, a micro-multinational, or a cybercorp. Which would you choose? Why?
Answer
The rapid growth in technology has led Cybercorps to be an ideal selection as it helps in reinventing the corporate structures by use of cyberspace to its advantage. While most of today's corporations still resemble to the older technologies being used, cybercorp designed alignment with today's technology. A cybercorp corporation is designed to transform and bring in structural changes in the Corporates. The rationale behind choosing cybercorps is that it helps companies in transforming their operations to target a bigger market share in order to deliver measurable results. Corporates adopting technological changes and harnessing the power of cyberspace revolution will survive in the rapidly changing business world (Thussu, 2018). Cybercorps not only helps in building their competencies but also allows them to react to the rapid changes with respect to customer needs and technologies. Therefore, corporates should focus more on identifying the best mechanism that would prove to be profitable. Choosing Cybercorps would ideally pave ways for better learning opportunities for an individual seeking growth in his/her career.
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Question
Looking out over the next decade, estimate the likely standards of how an MNE will create value. In your opinion, which form of MNE is best designed for this scenario? Why?
Answer
A globally integrated Enterprise was first coined by Sam Palmisano in the year 2006, stating that globally integrated Enterprises are those which transforms its strategies, its management and its operations to achieve something better in order to deliver some value (Boudreau, 2016). The emergence of multinational Enterprises is due to rise of globalization, and the need of working in an organized manner. This basically organizes the work culture, brings in the collaboration of different skills and behaviors, and multiplicity of cultural differences focus on maintaining a hierarchy. Ongoing technological advancements is making it easy for multinationals to interact and transact business across various geographical boundaries, cultures, languages and time zones (Lauring and Zhang, 2018). The globally integrated enterprises are best designed for successfully transforming businesses and create value in the current scenario. Many of the challenges in the business environment would be mitigated by strategizing the business operations and optimizing the resources in order to reduce costs and remain competitive in the market.
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Question
The MNE of the future, in whatever form it takes, will face pressures for global integration along with those clamoring for local responsiveness. In your opinion, which form will best reconcile that challenge?
Answer
The future of Corporates depends on how efficiently and effectively it utilizes the resources available to them (Kavanagh and Johnson, 2017). The globalization of both competition and markets has compelled businesses to move into the global arena to become multinational Enterprises. In the current scenario strategic thinking has influenced the strategies used by multinational Enterprises. In the future, multinational enterprises implementing large scale organizational restructuring, are more likely to maintain a balance between global integration and local responsiveness. MNEs that leverage their hierarchical network to share decision making authority and standardize the management processes of its global and local units, is likely to achieve both local responsiveness and economic integration. In this manner, Cybercorps are likely to survive in the longer run as it fosters the technological advancements in the operations of the business and mold according to the transformations required to fulfill the demands of the changing business environment. In this manner, Cybercorps will successfully reconcile the challenge of connecting with everyone and everywhere at any time.
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