Globalization- transnational companies by Paul Hinrichs https://padlet.com/Brokkoson/mr3yj5kd8jzg An essay by Kahlson and Brokkolizer en-us 2019-03-20 13:37:20 UTC 2019-05-06 10:10:55 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Bigthunderstorm.png Examples for transnational companies I Brokkoson https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/343319266 List of largest companies by Revenue:

Walmart                                    $500,343,000,000

Walmart Inc. (formerly Wal-Mart Stores, Inc.) is an American multnational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery  stores[

State Grid                                      $348,903,000,000

The State Grid Corporation of China (SGCC), commonly known as the State Grid, is the state-owned electric utility monopoly of China.

Sinopec 
       $326,953,000,000                           
China Petroleum & Chemical Corporation, or Sinopec, is a Chinese oil and gas enterprise based in Beijing, China. It is listed in Hong Kong and also trades in Shanghai and New York. 

China National Petroleum                                     $311,870,000,000

The China National Petroleum Corporation (CNPC) is a major national oil and gas corporation of China PR and one of the largest integrated energy groups in the world
]]> 2019-03-20 13:41:25 UTC https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/343319266 Examples for TNCs II Brokkoson https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/343340382 Royal Dutch Shell                                         $311,870,000,000

Royal Dutch Shell plc, commonly known as Shell, is a British-Dutch oil and gas company headquartered in the Netherlands and incorporated in the United Kingdom.

Toyota                                          $265,172,000,000

Toyota Motor Corporation is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan.

Volkswagen                                      $260,028,000,000

Volkswagen shortened to VW, is a german automaker founded on 28 May 1937 by the German Labour Front, and headquartered in Wolfsburg.
]]> 2019-03-20 14:13:15 UTC https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/343340382 What are transnational Companies? Brokkoson https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/343348720 Transnational Companies (TNCs) Are Companies that control Production Facilities and Branches in several States, generate a more or less large Part of their sales abroad and align their strategic Business Planning worldwide.

]]> 2019-03-20 14:26:38 UTC https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/343348720 Legal Status of TNCs Brokkoson https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/345691690 Transnational Companies are established under a State's Law, so they basically derive their Legal Personality from a national Legal System. However, Any Unit of a Company may again have a «own Nationality». It is true that transnational Companies are subject to the Legal Systems of the Countries in which they operate. Very often, however, these Legal Norms lack enforcement Mechanisms or Will, and often opportunities to hold fallible companies accountable.]]> 2019-03-27 13:38:29 UTC https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/345691690 The role of TNCs in Globalization Brokkoson https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/345695543 One way that TNCs have spread Globalisation is through Cheap International Marketing. Wealthy TNCs often utilise the vast resources of people for cheap labour in LEDCs. 
 By investing in a developing country, a TNC is able to benefit from cheap labour. If costs are low, profit should remain high which can then be used to reinvest into product innovation and new technology. The aim of this investment is to crush all local and/or lesser companies, thus becoming the dominant 
 Another way that TNCs spread Globalisation is through the concept of the 'Uninformative Product' which is where a compamy will release only one product, one after the other. For example, Apple release the Ipod Classic, then the Ipod Nano, shuffle, Iphone, Ipad etc). This means that everyone will desire the latest and the best product the company has to offer. 
TNCs also spread Globalisation by destroying local competitors in the LEDCs. Many companies will invest offices and factories in LEDCs and then, by attracting plenty but cheap labour, quickly dominate and crush the lesser companies and businesses. this means less competition, which equals more money, sales and success in the TNC.
 Advertising is also an extremely significant and effective way to spread TNCs and thus Globalisation as it promotes ideas, concepts and stock all across the globe.]]> 2019-03-27 13:45:30 UTC https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/345695543 Sources: Brokkoson https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/345695996 https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue

https://www.humanrights.ch/de/menschenrechte-themen/tnc/uebersicht/

https://tncandglobalisation.weebly.com/tncs-effects-on-globalisation.html
]]> 2019-03-27 13:46:22 UTC https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/345695996 Links Brokkoson https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/348030653 2019-04-03 12:36:59 UTC https://padlet.com/Brokkoson/mr3yj5kd8jzg/wish/348030653