The main objective of the McDonald's corporation is to be the customer's favorite place to eat. To achieve this, McDonald's created a global strategy called "Plan to Win," which focuses on creating an extraordinary customer experience.
A:The disadvantages of transnational corporations include job insecurity, environmental degradation, poor working conditions and the risk of outsourcing. The arrival of transnational corporations to new areas is generally met with enthusiasm, but there are downsides to having multinational corporations expand into new territories too. From exploitation of natural resources to market domination, there are several consequences of business expansion around the globe.
A:Being a publicly traded company, the ownership of Nokia is spread across multiple shareholders from around the world. As of 2013, Nokia reports that its total number of outstanding shares is just above 3.7 billion. These shares are owned by individual, institutional and sovereign investors.
A:The main characteristics of a transnational company arise from the fact that it operates in two or more countries, including in its country of origin. Its business, such as sales, extraction or manufacturing, hence spans multiple countries. Its management system also focuses on a global or regional outlook.
A:Funai Corporation owns and operates the Emerson brand. Based in Osaka, Japan, Funai has North American offices in Rutherford, N.J., and Torrance, Calif. Funai also produces brands such as Magnavox, Philips, Sylvania and Symphonic. Funai has factories in China, Hong Kong, Malaysia, South Korea and Thailand.
A:A limited liability company, or LLC, is a legal business structure registered in a state by a single owner or multiple members. A primary motive for business owners to register an LLC is to create a separate business entity to avoid personal financial liability for business debts.
A:Forming a franchise involves developing a business system, creating an operations manual, drafting a franchise agreement and making a marketing plan. The goals are to make the new location independent and to train the franchisee to run it on his own. Creating a franchise takes time, money and legal support.
A:Company analysis refers to the process of evaluating a company’s profitability, profile and products or services. It is also known as “fundamental analysis,” and it is generally used by investors. It incorporates basic company information, such as the mission statement, goals and values.
A:A chain of command is important for forming an organizational system, establishing figures of authority in various environments and simplifying decision making. People on different levels within a chain of command have unique responsibilities to fulfill, and individuals who sit low on a chain of command often have the least influence over organizational matters. When there is no chain of command, organizational activities become more complex, confusing and less productive.
A:As a publicly traded company, eBay is owned by stockholders. The founder of eBay is Pierre Omidyar, who is the largest stakeholder in the company, with over 105 million shares as of February 2014. John Donahoe is eBay's CEO.
A:According to the U.S. Bureau of Labor Statistics, the median annual wage for a chief executive officer was $168,140 in 2012. The hourly wage this corresponds to varies because CEOs do not usually adhere to a standard 40-hour work week.
A:Taco Bell's full mission statement is "We take pride in making the best Mexican style fast food providing fast, friendly, & accurate service. We are the employer of choice offering team members’ opportunities for growth, advancement, & rewarding careers in a fun, safe working environment. We are accountable for profitability in everything we do, providing our shareholders with value growth.”
A:According to the Seattle Post-Intelligencer, the founders of Starbucks named their coffeehouse after the first-mate, Starbuck, in Herman Melville's book, "Moby Dick." Interestingly, Starbucks co-founder Gordon Bowker recalls that the coffeehouse was almost named Cargo House.
A:According to the Washington Times, Barbie manufacturer Mattel does not know precisely how many dolls have been sold since 1959, but sales figures number in the billions. Every three seconds a Barbie doll is sold somewhere in the world.
A:The finance department in an organization oversees financial planning and management activities, including budgeting and forecasting, reporting and compliance, and creation of value. Some of these responsibilities help the organization meet compliance obligations. Others contribute to profit-building for the company.
A:To be a Nielsen family means a household is part of a panelist system that is used to determine how many people watch television and in what way. It is how the TV industry gets what is known as Nielsen ratings.
A:When AAA rates a hotel as four diamonds, it means the hotel is of high quality, offering guests a number of amenities and a stylish physical appearance. These hotels also offer excellent customer service and attention to detail.
A:As of December 31, 2013, the Coca-Cola company stated that it had 130,600 employees working directly for the company. If Coca-Cola's bottling partners worldwide are also counted, then the total number of people working for the company is 700,000.