My comment
I write this in a time where corporations are the key of every economical power in a world that under the name of globalization conquers and colonizes weaker regimes.
Introduction
A corporation is a legal "person"* that is separate and distinct from its owners. it is allowed to own assets, incur liabilities, and sell securities, among other things.
*it is called a person so that some policies or law that can not be practiced on many people, can be on one two. A corporation is a team or a number of people that are allowed to go down by a single owner to skip certain laws, which impede them of some activities.
e.g.: united states biggest slave companies in the early 1830’s were not allowed to own slaves coz the law allows you as an individual to do so but not a group so many of those company’s became cooperates.
In the last centuries in particular the last half, the world of business have been swallowed by corporations and multinationals. There goal is to grow and to keep growing and to destroy any competitors -which I personally as a Business student can understand, but I was taught ethics, which I can not find on global business fields- competitors that are small and want to grow left naked in the mercy of the big sharks under the new term of GLOBILIZATION.
Indeed it is essential for small company’s to exceed and improve there products pleasing the costumer and serving community making clean money not lazy under the cover of governmental help but it is duty of the country to make sure the local product can compete before going head to head with MNCs . motivate improve and other governmental economic plans .
In the last 15 years 30% of local product food companies where forced to closed down +50% of the cleaning product companies and other. Including the fact that more than 100 foreign non Arab domestic companies have installed them self in Jordan.
Adaptation:
The majority of the corporations that decide to go globally are forced to change penetration, sales, marketing …strategies, most of those MNCs never quit their international product but introduce new coping products for example:
Chupa Chups a well known lollipop MNC did not succeed with its normal strawberry, cola and cherry flavors in far Asian country’s so it was enforced to come out with matching flavors like green tea on others. On the other it decided to cut down half of its market and focus on little kids in the Middle East due to the fact that lollipops are not well seen in teenagers mouths in a conservative society like ours is.
McDonalds after 8 years in the Middle East and Arab countries it came out with meals well know in the Arab kitchen “Mc Arabia”.
Saving strategies:
Most MNC own produce their products in developing countries or in developed countries with emigrant hand labors.
Due to their cheep cost on their behalf citizens of developing countries-a name that was put down to make us 3rd world countries feel less humiliated- working long hard hours for ridiculous amount of money , MONEY which they don’t lack.. for example
NIKE Corporation does not own any factory but makes its contract with factories in south Asian regimes, workers work under no labor protection law for an average of 7 to10 hours strait for 5 dollars a day.
They sold more than 200 million V-shock VC basketball shoes around the globe for 115$ each knowing that the total cost of that shoe was 0.147$ each. this company divides its financial accounting periods into part of seconds when it come to financial managing.
Political implications:
I will start this part with a historical example and conclusion afterwards;
When the United States of America started privatizing its governmental sectors among the first sectors to do so where the weapon makers knowing the fact that they belonged to the government men they still do .
The m1a1 rifle used in the WWII by Americans soldiers were made by AT&T in which general Izenhowared had 30% of its stocks and the story goes on to now days were the biggest armament corporation in the USA belongs to secretary of defense Dick Chainy.
And current president gorge bush owns 40% of the stocks in NCR CORPORATION a large armament company as well as all his cabinet and former president Bill Clinton had a respectable share of stocks in POSI SEAL, INC. i would keep going but I think we got the point here.
It is but a theory but is it that the use of weapons is needed because of political decisions or that political decisions are made so that those weapons would be used, sold and made into blood money.
Written by: Hakim Tamimi
hakimito@gmail.com
