INDIANMANAGEMENTPRACTICE-ACOMMENTARY

In the global era, we are increasingly witnessing the rise of the Indian Multi-National Corporation (MNC). The term MNC connotes operations across and in different countries. It is one of the different forms that cross-border operations take: <ul> <li>The International Company, which trades across borders but with manufacturing facilities located in one country .</li> <li>The Multi-National Company, which that spans countries with factories and subsidiaries but with central HQ mostly in a single country. Thus the country or origin is appended to the MNC (as we say later on in the commentary, the Indian MNC)</li> <li>The Global Company, which is a 'evolved' form of the Multi-National company operating as if the entire world were a single market, with close integration amongst various foreign subsidiaries without being closely held by the Group HQ. Philips is said to be one such global company.</li> </ul>