Multinational Business Strategies and Globalization’s Impact
Multinational Business Strategies
In a multi-branch strategy, each country’s operations are completely autonomous, and differences between them are remarkable because they have little interaction. Usually, there is a mechanism to coordinate with each other, but typically only financial strategies and advertising are aligned. Products are totally different. The subsidiaries are separate.
Overall Strategy
Multinationals that use this strategy behave as a single unit, avoiding duplication of functions
Read MoreBusiness Structures: Types and Legal Forms in Spain
Types of Companies
Property of Production or Capital Resources
- Private: Capital belongs to private individuals or legal entities.
- Public: Capital is wholly or partially owned by the State, Autonomous Communities, or municipalities.
Size
- Small: Fewer than 50 employees.
- Medium: Fewer than 250 employees.
- Large: 250 or more employees.
Fields of Activity
- Primary Sector: Use of natural resources (agriculture, livestock, and fisheries).
- Secondary Sector: Industrial enterprises.
- Tertiary Sector: Service companies
Key Roles in Construction: Promoters, Designers, and Builders
**Item 2. Key Actors and Agents in the Building Process**
The Promoter
1. Any natural person or legal entity, public or private, which individually or collectively decides, drives, programs, and funds, with their own resources or outside resources, the building work for themselves or for their subsequent disposal, supply, or transfer to third parties under any title.
- a) Promote ownership over the site of a law authorizing them to build on it.
- b) Facilitate the necessary documentation and information
Internal Control and Risk Management in Auditing
Internal control is a process, effected by an entity’s personnel, designed to achieve specific objectives. It consists of five interrelated components that help a company direct its objectives and integrate all staff into the process. Although these components are applicable to all companies, small and medium-sized businesses may implement them differently than large ones. Their implementation may be less formal and structured, but it can still be effective.
Audit Risk
Audit risk is the possibility
Read MoreEffective Decision-Making: Strategies and Techniques
Decision-making is the selection of a course of action among alternatives. The process leading to decision-making can be viewed as:
- Establishment of premises
- Identification of alternatives
- Evaluation of alternatives in terms of the proposed goal
- Choice of an alternative, i.e., making a decision
Limited or Bounded Rationality
Limited information, time, and certainty restrict rationality. Satisficing is the process of selecting a course of action that is satisfactory or acceptable under certain circumstances.
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