Mncenv Compatible

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Information about Mncenv Compatible

Published on March 19, 2009

Author: captrsingh

Source: slideshare.net

Description

Teaching young college students about MNC\'s, global Compact and Corporate governance.

MNC Environment BY Capt. Rajeshwar Singh

Multinational Corporations MNC’s are network of firms, linked together by ties of ownership and control, and operating in multiple countries. MNCs … Operate in more then one country. Sell their products in International markets Managers and owners are of different nationalities Must learn to work effectively with people from different countries

MNC’s are network of firms, linked together by ties of ownership and control, and operating in multiple countries.

MNCs …

Operate in more then one country.

Sell their products in International markets

Managers and owners are of different nationalities

Must learn to work effectively with people from different countries

Importance of MNCs MNCS have important organisational advantages which domestic firms cannot match Economics of Scale MNC’s to produce technologically sophisticated products at lowest possible cost. MNCs can maximize the firms access to less expensive or more productive capital ,resources and labour located in variety of countries. MNCs have access to transnational marketing networks which enable them to distribute their products in a variety of countries. Most importantly , MNC can integrate these advantages in order to To develop latest technology Use them to innovate new products or production processes Coordinate production and marketing on a multinational scale

MNCS have important organisational advantages which domestic firms cannot match

Economics of Scale MNC’s to produce technologically sophisticated products at lowest possible cost.

MNCs can maximize the firms access to less expensive or more productive capital ,resources and labour located in variety of countries.

MNCs have access to transnational marketing networks which enable them to distribute their products in a variety of countries.

Most importantly , MNC can integrate these advantages in order to

To develop latest technology

Use them to innovate new products or production processes

Coordinate production and marketing on a multinational scale

MNC’s KSF in India View India as Key Focus Area Formulate bold, long term targets that drive decision making Create processes that accelerate the integration as well as localisation of the organisation Change the rules regarding Global metrics Build for the long term in India regarding People, HR practices Define a country added role for country management. Establish local team credibility

View India as Key Focus Area

Formulate bold, long term targets that drive decision making

Create processes that accelerate the integration as well as localisation of the organisation

Change the rules regarding Global metrics

Build for the long term in India regarding People, HR practices

Define a country added role for country management.

Establish local team credibility

MNC’s KSF in India Leverage India opportunities beyond product market. Localize parts of the value chain to obtain Indian costs and capability benefits. Formulate India specific business model strategies [ product, value pricing]

Leverage India opportunities beyond product market.

Localize parts of the value chain to obtain Indian costs and capability benefits.

Formulate India specific business model strategies [ product, value pricing]

What MNC Requires leader with vision Decision maker Mentor Learner Go-getter Honest Integrity SMART Goals Setter Initiative / Innovative

leader with vision

Decision maker

Mentor

Learner

Go-getter

Honest

Integrity

SMART Goals Setter

Initiative / Innovative

Leaders Impartial Straightforward Visionary Team worker Attitude Values Decision Maker Motivation communication

Impartial

Straightforward

Visionary

Team worker

Attitude

Values

Decision Maker

Motivation

communication

Mentorship Be guide to your peers, collogues and seniors. Support them to grow Share your knowledge Investment of Time Commitment

Be guide to your peers, collogues and seniors.

Support them to grow

Share your knowledge

Investment of Time

Commitment

Success Factors Accomplishments / getting Results. Taking initiative Communication skills Problem solving Team work and team leadership Project Management Decision making Strategic / Innovative thinking Handling Pressure

Accomplishments / getting Results.

Taking initiative

Communication skills

Problem solving

Team work and team leadership

Project Management

Decision making

Strategic / Innovative thinking

Handling Pressure

What do you See ?

 

Global compact Labour Standards Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; Principle 4: the elimination of all forms of forced and compulsory labour; Principle 5: the effective abolition of child labour; and Principle 6: the elimination of discrimination in respect of employment and occupation

Labour Standards

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation

Global compact The Global Compact is a framework for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and anti-corruption. Human Rights Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and Principle 2: make sure that they are not complicit in human rights abuses.   

The Global Compact is a framework for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and anti-corruption.

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.   

Global compact Environment Principle 7: Businesses should support a precautionary approach to environmental challenges; Principle 8: undertake initiatives to promote greater environmental responsibility; and Principle 9: encourage the development and diffusion of environmentally friendly technologies.   

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies.   

Global Compact Anti-Corruption Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery. 

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery. 

Corporate Governance Key elements of good corporate governance principles include honesty, trust and integrity, openness, performance orientation, responsibility and accountability, mutual respect, and commitment to the organization Rights and equitable treatment of shareholders Interests of other stakeholders Role and responsibilities of the board Integrity and ethical behavior Disclosure and transparency Mechanisms and controls Internal corporate governance controls

Key elements of good corporate governance principles include honesty, trust and integrity, openness, performance orientation, responsibility and accountability, mutual respect, and commitment to the organization

Rights and equitable treatment of shareholders

Interests of other stakeholders

Role and responsibilities of the board

Integrity and ethical behavior

Disclosure and transparency

Mechanisms and controls

Internal corporate governance controls

Corporate Governance External corporate governance controls Systemic problems of corporate governance Role of the accountant Regulation Enforcement Action Beyond Obligation

External corporate governance controls

Systemic problems of corporate governance

Role of the accountant

Regulation

Enforcement

Action Beyond Obligation

Developing Individual Induction Achievement Responsibility Authority-Delegation of Power-empowerment Training Recognition Growth Performance Reward Task- communcerate with person Grievances and redressal Security

Induction

Achievement

Responsibility

Authority-Delegation of Power-empowerment

Training

Recognition

Growth

Performance

Reward

Task- communcerate with person

Grievances and redressal

Security

Interview strategies Gather your Resources networking and get ready. Your Resume and Cover letter. PAR Problems [solved]-Action [taken]-Results Researching the company and deciding the career. Preparing for interview. The interview

Gather your Resources networking and get ready.

Your Resume and Cover letter. PAR

Problems [solved]-Action [taken]-Results

Researching the company and deciding the career.

Preparing for interview.

The interview

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