Challenges in the Emerging Economies-Free-Samples for Students

Questions: 1.Why did these Multinationals fail? If you were hired as a CEO of one of such Multinationals2.What would you do to address the challenges you face in emerging Economies? Answers: 1.Rationale for failing of multinationals with local firms in emerging economies It has been discerned that drive to decrease costs, well-known multinationals have focused increasingly on activities in terms of highest returns. This depicted outsourcing of those products which are of lower value activities and off shoring them into rising countries. However, the local companies can also source these mechanism and services. A decade ago, it was uncommon for skilled expatriate living in emerging markets to work for local companies. However, as the global talent group became more efficient, the multinationals were seen to face several hurdles. The rising challenge to use offshore mergers and acquisitions to capture assets, capability and potentialities and know how in the emerging nations took several years of time. Some of the other oppositions are seen in terms of political opposition (Stiglitz Rosengard, 2015). 2.Steps taken to address the challenges in the emerging economies It has been seen that multinationals are seen to face dissimilar demands for the various types of the products. In addition to this, the multinationals are seen to be efficient in adapting to the products and the services associated to the local conditions. Some of this has been evident with company like McDonald Corp.s, Big Mac, the epitome of a global and Chicken Maharaja Mac in India. However, to bring in the benefit like local integration, the different types of the companies needs to be embedded with local distribution supply, regulatory network and talent into a broader society and understand how superior multinationals have done to obtain the advantages of local integration. I would further look forward to customer engagement to go well beyond the market feedback. Some of the other initiative would involve talent pool development, determining the regulatory and institutional environment and supplier interaction (Savitz, 2013). Reference List Savitz, A. (2013).The triple bottom line: how today's best-run companies are achieving economic, social and environmental success-and how you can too. John Wiley Sons. Stiglitz, J. E., Rosengard, J. K. (2015).Economics of the Public Sector: Fourth International Student Edition. WW Norton Company.