abhishreshthaa
Abhijeet S
Stage 1: Domestic
Operations The firm’s market is exclusively domestic.
Stage 2: Export Operations The firm expands its market to include other
countries, but retains production facilities within domestic borders.
Stage 3: Subsidiaries or Joint Ventures The firm physically moves some of its operations out of the home country.
Stage 4: Multinational Operations The firm becomes a full-fledged multinational corp. (MNC) with assembly and production facilities in several countries and regions of the world.
Some decentralization of decision making is common, but many personnel decisions are still made at corp. headquarters.
Stage 5: Transnational Operations Firms that reach this stage are often called transna-tional because they owe little allegiance to their country of origin. Operations are highly decentralized, with each busi-ness unit free to make personnel decisions with very loose control from corp. headquarters.
Operations The firm’s market is exclusively domestic.
Stage 2: Export Operations The firm expands its market to include other
countries, but retains production facilities within domestic borders.
Stage 3: Subsidiaries or Joint Ventures The firm physically moves some of its operations out of the home country.
Stage 4: Multinational Operations The firm becomes a full-fledged multinational corp. (MNC) with assembly and production facilities in several countries and regions of the world.
Some decentralization of decision making is common, but many personnel decisions are still made at corp. headquarters.
Stage 5: Transnational Operations Firms that reach this stage are often called transna-tional because they owe little allegiance to their country of origin. Operations are highly decentralized, with each busi-ness unit free to make personnel decisions with very loose control from corp. headquarters.