A multinational corporation (MNC) is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred as an international corporation The first modern multinational corporation is generally thought to be the Dutch East India Company. Nowadays many corporations have offices, branches or manufacturing plants in different countries from where their original and main headquarters is located. Multinational Corporations (MNC) working in UAE:
1- Hewlett-Packard Company (HP)
Hewlett-Packard Company commonly referred to as HP, is an American multinational information technology corporation headquartered in Palo Alto, California, USA. That was founded in 1939, by Bill Hewlett and David Packard. HP is one of the world's largest information technology companies and operates in nearly every country. HP specializes in developing and manufacturing computing, data storage, and networking hardware, designing software and delivering services. Major product lines include personal computing devices, enterprise servers, related storage devices, as well as a diverse range of printers and other imaging products. Major company changes include a spin-off of part of its business as Agilent Technologies in 1999, its merger with Compaq in 2002, and the acquisition of EDS (Electronic Data Systems) in 2008. In November 2009, HP announced the acquisition of 3Com. On April 28, 2010, HP announced the buyout of Palm for $1.2 billion. On May 16, 2010, the acquisition of Palm was final. HP is based in DIC (Dubai internet city) since October 2000. The result of its operations in 2009 was loss of $114.552 billion
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2- Standard Chartered Bank
Standard Chartered plc is a British financial services company home country in London, UK with operations in more than seventy countries. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures)
Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Groups business gradually increased in Dubai with the opening of several branches.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. In UAE, they are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.
It focuses on consumer, corporate, and institutional banking, and on the provision of treasury services—areas in which the Group had particular strength and expertise. In 2009 it earned profit of £12.926 billion.
3- Nike, Inc.
Nike, Inc. is a major publicly traded sportswear and equipment supplier based in the United States. It is the world's leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment. Nike used the acquisition method of entering into the global market. The company was founded on January 25, 1964 as Blue Ribbon Sports, and officially became Nike, Inc. in 1978. In addition to manufacturing sportswear and equipments, the company operates retail stores under the Niketown name. Its factory was established in UAE in the year 1995 based and operated in Dubai, Nike has five stores across the UAE, the latest was opened in 18 April 2010 in Abu Dhabi Mall. In 2009 it earned profit of $19.2 Billion.
Nissan Motor Company, Ltd. is a multinational automaker its home country in Japan. It formerly marketed vehicles under the "Datsun" brand name and is one of the largest car manufacturers. Arabian Automobiles Company (AAC), is part of Al- Rostamani business conglomerate, and the sole distributor of Nissan Cars and Genuine Nissan Parts in Dubai and the Northern Emirates since 1968. The result of its operations in 2009 was loss of: $80.92 billion
McDonald's Corporation is one of the world's largest chain of hamburger fast food restaurants, serving nearly 47 million customers daily. It was founded in May 15, 1940 in San Bernardino, California. Its business method is franchising. A McDonald's restaurant is operated by either a franchisee, an affiliate, or the corporation itself. McDonald's primarily sells hamburgers, cheeseburgers, chicken products, French fries, breakfast items, soft drinks, shakes, and desserts. McDonald's in UAE started operating in 1994, and today it has more than 65 restaurants across UAE. In 2009, McDonalds had operating profits of $6.8 billion.
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Essay On Multinational Corporation. (2018, Jul 01). Retrieved from https://phdessay.com/multinational-corporation-2/