Multination Firms Essay
Quality is one of the most important factors that affect both local and international markets for any particular product of an organization. Whether a firm is entering into local market or global markets in any particular industry, it should ensure that its products have or possesses the right qualities that would attract the targeted market audiences. The term quality is seen as a complex word especially in its meaning depending on its application by different experts from various fields of profession.
All in all, it may be summated as to have the meaning of safety, efficiency and reliability in the business world (Martin, 2003). Overtly, people living the underdeveloped and the developing countries such as those in Vietnam have partial, or totally lack the understanding of the emphasis of the right safety standards in the production, a factor which has led to augmented injury cases, expenditure costs on safety, and decreased production and productivity due to frequent employees’ absenteeism as they recover from the previous injuries.
Additionally, most of the activities and operations are manually accomplished; therefore, there is inadequacy and ineffectiveness on the speed and reliability of the product and service delivery, which is indicative of low applications of the modern
Need essay sample on "Multination Firms"? We will write a custom essay sample specifically for you for only $ 13.90/page
The implication is that most of the established organizations have continued to serve the central markets adjacent to the metropolitan areas, while leaving a large proportion of the rural market share underserved due to poor infrastructure(Sutermeister, 2004).. As it was revealed in the two films, its overt that market for certain products are centralized in the major cities in developing states such India, while in Vietnam production and productivity is low due to lack of skilled and experienced labor force.
This depicts the challenges which many developing nations face, as they grapple to meet the needs of the nation’s population. In order to curb these problems and meet the needs of the nation’s population, the nations should adjust and increase their returns to the community by improving the nation’s infrastructure as the economy grows. In order to do so, the international firms should persuade the governing authorities in the country to implement the infrastructure development project, which means they should have good public relations to bring about intimacy with the government and the citizens (Sutermeister, 2004).
The most important factor in meeting the needs of the citizens is availing the products and services to change the taste and lifestyle according to their changing income, which implies, the international corporations are thus obliged to be innovative to meet the product quality standards that permits serving clients in the rugged rural areas.
In some regions, the implementation of quality standards education and training programs has been some of the strategies which have served to increased productivity in most regions; however, this is likely to reduce the sales quantity for international firms in the developing countries with production of products with same qualities to those from imports.
Although, this would considerable cut imports of the developing nations, the most significant factor is the dependence reduction on foreign countries References: Keith, H. (2002). Offshore production & skill upgrading by Japanese manufacturing firms, JIE Martin, F. (2003). Knowledge transfer capacity and its implication for the theory of the Multinational Corporation: JIBS Sutermeister, R. (2004). People & Productivity: NY McGraw Hill