https://padlet.com/list4/hmgevovyjf1ceqc7 What can you remember about TNCs, outsourcing and the case studies (Ikea and Tata). en-us 2021-08-19 04:16:17 UTC 2021-08-20 04:13:39 UTC hello@padlet.com https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687342187 - outsourcing is when parts of production of a business/corporation is moved to another country 
- TNC's (transnational corporations) are companies that operate in more than country 
- IKEA is considered a TNC as it has over 300 stores globally 
- TATA is considered to be a company that accepts outsourcing jobs to manufacture cars, planes etc.]]> 2021-08-20 04:08:49 UTC https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687342187 https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343284 > TNCs - transnational companies
> usually have headquarters in HICs and outsource labour from LICs
> outsourcing - the business practice of hiring labour from overseas which would allow them to save costs
> case studies - TATA groups and Ikea

]]> 2021-08-20 04:09:40 UTC https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343284 https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343435 Outsourcing means giving work to an agency outside  to improve their efficiency and reduce costs overall. 
Off-shoring is when a company transfer work to overseas locations
Ikea 
- it ranks Number 40 on Forbes’ esteemed World’s Most Valuable Brands list and took in $39.3 Billion in sales in 2017

]]> 2021-08-20 04:09:47 UTC https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343435 https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343569 TNC (transnational corporations): companies that operate in more than one country

outsourcing: obtain goods and services from an outside/foreign supplier or moving sections of production to another country due to cheaper labour costs.

TATA: claims to be the world's largest trading network, has offices globally, many subsidiaries in Africa.

IKEA: outsources from companies in 50 different countries, cutting production costs. save on transport costs by adopting flat-pack design and DIY construction method for customers.]]> 2021-08-20 04:09:54 UTC https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343569 https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343741 outsourcing - Giving labour to an outside agency, often known as outsourcing or contracting out, is a way to increase efficiency and cut costs. Because of expensive salaries in their own nations, several rich countries outsource their labour to developing countries, who offer identical services at a far lower cost.

TNC 
- A transnational corporation is a business that is involved in the international production of products or services, overseas investments, or the administration of revenue and assets in more than one country. 
- It locates factories in underdeveloped nations since land and labour are less expensive there.



]]> 2021-08-20 04:10:02 UTC https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687343741 anbr22 https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687345055 - TNC's --> Trans national companies that operate in a wide variety of countries
- Outsourcing --> is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another
- IKEA is an example of a TNC --> Based in Sweden and aiming for sustainability for their workers and where they source their materials from

]]> 2021-08-20 04:11:04 UTC https://padlet.com/list4/hmgevovyjf1ceqc7/wish/1687345055