Development Of Multinational Companies Research Articles

ЕКОНОМІКО-РЕЛІГІЙНІ ВІДНОСИНИ В УМОВАХ ГЛОБАЛІЗАЦІЇ

Globalization is an integral part of today, a process of global economic, political and cultural integration and unification. The process of globalization has many positive and negative consequences, given the views on globalization among scholars divided their views on the positive or negative consequences of globalization in international relations. Features of globalization and its impact on religion are described in the study. Religion has been an integral part of human development throughout history. The influence of religion on the economy and the economy on religion is investigated in the article. The peculiarities of the influence of religion and religious factor on the economy, economic development and factors of economic development of the country are analyzed in the work. Economic and religious relations in the context of globalization are described in the study. The concepts and features of globalization are described. The transformations of the world community into an open integrated system of socio-political, financial-economic, information, socio-cultural relations and interdependencies within the globalization process are studied. The role of religion and church in the development of multinational companies and subsidiaries in Asia is described. The role and place of religion and religious philosophy in the development of the economy of the Asian tiger. The influence of religion and religious philosophy on the development of Asian companies. The influence of religion on the development of the international banking system is analyzed. Features of Islamic banks and the influence of religion and religious traditions on their functioning and development. The modern development of Islamic banks and the principles of their activities in the process of globalization are described. Differences between Islamic banks and others are described. The situation of Islamic banks in the period 2007 is analyzed. The peculiarities of the existence and activity of Islamic banks have interested many of the world’s largest commercial banks, such as «Chase Manhattan», «ING». The work of Islamic banks has attracted a large number of companies, such as «General Motors», «Alcatel», and other. The influence of religion on the economy is a relevant topic of research in political science.

Собственные ноу-хау, использование консультационных услуг и взаимодействие с другими компаниями как основные источники управленческих инноваций для компаний, действующих на российском рынке

Innovations in management is one of the most relevant research topics within the global academic community, and the one that encourages the development of multinational companies. The purpose of this article is to examine the key sources of managerial innovations within Russian and multinational companies operating on the Russian market. The empirical study is based on a sample of over 1,000 employees from nearly 800 companies operating in Moscow and the Moscow Region The findings show the importance of “internal know-how” and “access to consulting services” as the key drivers of managerial innovations for companies operating on the Russian market. “Collaboration with other Russian players” is limited mainly to Russian companies. The “collaboration with multinational players” is an underdeveloped source of managerial innovations among Russian companies, resulting in the slowdown of Russian managerial practices’ development. The analysis traces the correlation between managerial innovations’ drivers and the type of economic activity, size of business and the degree of internationalization. The study reveals specific features that contribute to overall understanding of the research topic and its implications.

ОЦЕНКА СИНЕРГЕТИЧЕСКОГО ЭФФЕКТА В МЕЖДУНАРОДНЫХ СДЕЛКАХ ПОГЛОЩЕНИЙ

This article examines the issue of the development of multinational companies by the method of mergers and acquisitions. PJSC Lukoil, one of the largest companies in the petrochemical industry, was selected for the practical implementation of financial diagnostics. The purpose of the work was to demonstrate the achievement of a synergistic effect from mergers and acquisitions, as well as to calculate the synergistic effect on the example of the takeover of PJSC Lukoil's stake in the Marine XII project

Role of tolerance in the transnational companies’ management system

The relevance of the research topic is explained by the rapid development of integration processes, the formation of a global economic space, which led to the intensive development of multinational companies. In these conditions, the issue of the role of tolerance in the management system of multinational companies is becoming relevant. Formulation of the problem. New opportunities associated with the formation of the main aspects of tolerance in the management system of multinational companies and draw certain conclusions. Analysis of recent research and publications. The study of certain aspects regarding the functioning and development of multinational companies was covered in the works of such authors as Krivov'yazyuk I., Mekshun P., Melnichuk V., Mikaelyan S., Penska I., Skavronsky I., Terekhov E., Chumak N. and others. A great contribution to the study of issues on tolerance was made by such scientists as Y. Arabchuk, O. Orlovskaya, M. Pirenn and others. Highlighting unexplored parts of a common problem. In favorable conditions for the formation and development of multinational companies, the issue of tolerance in the management system of companies, which is most conducive to resolving a number of conflicts, remains unaddressed. Problem statement, research objectives. The aim of the study is to study the main aspects of tolerance in the management system of multinational companies and draw certain conclusions. The method or methodology of the study. In the work, general scientific methods were used: dialectic, system-structural analysis and synthesis, statistical and economic methods, generalization. Statement of the main material (results of work). The article indicates the role of transnational companies in modern conditions and determines that in the formation and development of these companies, tolerance acquires special meaning in the management system. The main directions of the problems of interethnic relations are systematized and their solutions are recommended by regulating the professional activities of employees of transnational companies. The significance of the “tolerance corridor” in the management system of multinational companies is determined. Scope of the results. The conclusions and results of the article can be used in the educational process of the economic faculties of higher educational institutions. At the same time, the results of the work can be used in the formation of the management system in multinational companies and in the process of professional training of company employees. Conclusions are consistent with the article. Based on the study of the role of tolerance in the management system of multinational companies in the modern conditions of development of Ukraine, the result is that tolerance should be based on professional training of company employees, which is formed on the basis of the tolerance corridor.

Creating Value by Sustainable Manufacturing and Supply Chain Management Practices – a Cross-Country Comparison

Research on the development of multinational companies towards a more sustainable business reveals country specific particularities in this process. In order to build a cross-country collaboration framework, sustainability reports of leading companies from developed and developing countries were analyzed and statistically significant differences identified. The framework contributes to comprehending the variables that influence supply chain and manufacturing performance, supporting the identification of opportunities for value creation through cross-country collaboration towards the development of sustainable innovations.

Innovation Processes in the Russian Manufacturing Subsidiaries of Multinational Corporations: An Integrated View from Case Studies

The extant literature acknowledges the role of overseas subsidiaries in the growth and development of multinational companies (MNCs). Such subsidiaries are viewed as critical players in the innovation process at MNCs. This topic remains largely under-researched in the Russian context. This study aims to fill this gap by examining the dynamics of the innovation process in Russian-based subsidiaries of global MNCs. We present qualitative findings that indicate Russian subsidiaries are not only recipients of knowledge and technology developed elsewhere in the MNCs but are active developers of innovative products and solutions.

Innovation Management in Russia's Foreign Manufacturing Subsidiaries: A Pilot Exploration of Creation and Implementation of Effective Innovation Routines

The extant literature acknowledges the role of overseas subsidiaries in the growth and development of multinational companies (MNCs). Such subsidiaries are viewed as critical players in the innovation process at MNCs. Although this topic has gained importance, it remains largely under-researched in the Russian context. This study aims to fill this gap by examining the dynamics of the innovation process in Russian-based subsidiaries of global MNCs. It seeks to explore and understand motivation and drivers of innovation, key participants, and impact and outcomes of innovation, with a specific reference to the peculiarities of the Russian institutional environment. We present qualitative findings from several case studies of Russian manufacturing subsidiaries of foreign MNCs, which indicate that Russian subsidiaries are not only recipients of knowledge and technology developed elsewhere in the MNCs, but are active developers of innovative products and solutions that are later applied in other units of the respective MNCs.

Transnational communities and business systems

The paper examines the concept of ‘transnational communities’ as a way of understanding globalization practices in business and management. It argues that ‘transnational communities’ are emergent properties of the internationalizing of economic activity. Three specific aspects of this process are considered in detail: the development of multinational companies; the development of international regulatory bodies; and the development of cognitive and normative frameworks through the practices of business education, management consultancies and other global professional service firms. It is argued that in each case, transnational spaces are emerging; within these spaces, transnational communities are developing. The article calls for more research into the diverse nature of these spaces and communities as a way of avoiding the sterile polarities of what Held et al. (1999) refer to as the ‘hyperglobalists’ and the ‘sceptics’.

The State of the Art in Assessing Foreign Currency Operations

The rapid development of multinational companies (MNCs) has resulted in the need for accounting systems which function to report, evaluate and control international operations and their managers' effectiveness. While the problems surrounding the evaluation and control of domestic firms remain the same for MNCs' parent company managers, the question of which country's currency should be used in the evaluation process represents additional complexities for them. The choice is essentially either that of the parent company currency or the currency of the foreign subsidiary. Parent company managers may also use both of these currencies, but it is likely that this choice will result in different decisions regarding the performance of foreign operations (see Demirag, 1987,1987a, 1987b). The aim of this paper is to critically review the theoretical and empirical literature on the use of parent and/or foreign subsidiary accounting information used by multinational companies in the evaluation of their foreign subsidiary operations and managers. In doing so, the paper addresses the following two questions. First, to what extent is translated information, untranslated information or both types of information significant in the evaluation of foreign subsidiary operations and their managers' performance in MNCs? Second, what are the major contextual variables which influence MNC foreign currency accounting practices in performance evaluations?

The Move Toward a Multidivisional Structure in European Organizations

The research on which this draft is based was made possible by the combined financial support of the Center for Education in International Management (CEI), the Ford Foundation and the Harvard Graduate School of Business Administration for studies of the development of multinational companies. This article reports some of the findings of a survey study of recent changes in the structure of large European manufacturing organizations. The structural history of these companies in their headquarters' countries is examined and contrasted with that of large United States organizations. Although divisionalization has occurred, there are differences between the United States multidivisional model and the structures adopted in recent European reorganizations. Organizational change in European companies has typically occurred as a result of specific changes in the competitive environment rather than as result of changes in product diversification strategies. Structural change has been concentrated in particular industrial sectors.