International Business Essay

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The International Business Assignment 1. Introduction 1. Multinational Enterprise A multinational enterprise (MNE) or multinational corporation (MNC) is a company that has headquarters in one country but has operations in other countries. Dunning (1993 cited in Wall, S. Minocha, S. & Rees, B., 2010), defines a multinational as a firm that engages in foreign direct investment (FDI) and owns or controls value-adding activities in more than one country. Table 1 below shows the top ten multinationals according to the value of foreign assets they control. Table 1: World’s top ten multinationals ranked by foreign assets |Foreign assets |Company |Country |Industry | |1 |General Electric |USA |Electrical and Electrical Equipment | |2 |British Petroleum |UK |Petroleum | |3 |Toyota Motor |Japan |Motor Vehicle | |4 |Royal Dutch/Shell |UK |Petroleum | |5 |Exxon/Mobil Corporation |USA |Petroleum | |6 |Ford Motor Company |USA |Motor Vehicle | |7 |Vodafone Group plc |UK |Telecommunications | |8 |Total |France |Petroleum | |9 |Electricite de France |France |Electricity, Gas and Water

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