Multinational Corporations and Joint Ventures

Multinational corporations (MNCs) are companies that operate in multiple countries, managing production or delivering services across borders to maximize profits and market reach. They adapt to local markets while maintaining a global strategy. Joint ventures, on the other hand, are partnerships between two or more businesses to achieve a specific goal, pooling resources and expertise. Each partner shares risks, profits, and control over the project. MNCs often engage in joint ventures to enter new markets, leveraging local knowledge and resources to enhance their competitive advantage. Together, they play significant roles in the global economy.