governing global business

Governing Global Business (Student 's Name (School Country (Student 's Email Address

Introduction

In today 's modern economy , large companies that expand businesses internationally are realizing just how far-reaching their impact can be particularly on the growth and development of other countries with whom they establish linkages and forms of cooperation . As foreign direct investments infused through transnational corporations (TNCs continually increase , a complex pattern of relationships is formed These TNCs undeniably wield a great power over their host countries They can greatly affect the targeted nations ' economic growth and

development , culture , socio-political structures and the overall community . Owing to their profound impact on a country 's economic life transnational corporations must ideally conform with international codes of conduct that serve to safeguard host countries

The purpose of this is to ascertain just how beneficial or harmful transnational corporations are to other countries , based on how these TNCs affect capital markets , impart technology transfer , carry out trade , establish linkages and create jobs

1 . Interests of Shareholders , Management and Technostructures

TNCs , as with other forms of business entities , are accountable to their shareholders , who oftentimes set the pace for effective global business management . Shareholders ' interests are focused not just on achieving a healthy financial bottomline , but also on how the TNC itself is perceived in the global community . Disreputable practices realistically happen but are often denounced , as these eventually affect business operations . New Tactics in Human Rights , a project of the Minneapolis-based HYPERLINK "http /www .cvt .org " \o "Center for...