Question

The Instruction: i. Find any two multinational corporations within different industry. (MNCs) ii. Figure out anything related to research and development in that corporations. It can be in term of product innovation, product modification, modification in production process (for example from labour intensive to automation, from physical filing to management information system, using of IT in operation in departments, digitalization in business activities etc.) iii. This is the guideline of your report:

a) Title
b) Table of content
c) Summary
d) Introduction
e) Body
f) Conclusion
g) Recommendation

Answer 1

This analysis reviews MNCs and their essential R&D functions, which drive product innovation and production process improvements, such as automation and IT implementation, to boost multinational operations and global industry impacts.

Step-by-step explanation:

Analysis of Multinational Corporations (MNCs) and Research and Development (R&D)

The study of MNCs involves examining large corporations that operate in multiple countries, contributing to the global economy and technological advancement through extensive research and development. MNCs are often influential in the countries they operate in, affecting politics, the environment, and the job market. Notable examples of such corporations include technology conglomerates and automotive manufacturers, which continually innovate through significant investment in R&D for product innovation and process improvements. These improvements may encompass transitions from labor-intensive manufacturing to automation or the implementation of advanced information technology systems.

Research and development is a pivotal function of MNCs, requiring substantial investment and time to yield commercially viable innovations. For instance, new product varieties such as fruit breeds may take decades before becoming commercially available, highlighting the long-term nature of R&D. Patents and legal rights often protect these technological advancements, encouraging further investment and innovation within these multinational entities.

The report on MNCs and their R&D practices would entail an examination of two corporations within different industries, exploring their specific innovations or modifications in production methods. The surge in digital technologies has allowed MNCs to transition to more efficient production processes and modern management systems, greatly impacting their global operations and the industries in which they conduct business.