TOP 10 MULTINATIONAL CORPORATIONS IN THE WORLD

Multinational corporations (MNCs) are colossal business entities that transcend national borders, operating in multiple countries and exerting signifi

TOP 10 MULTINATIONAL CORPORATIONS IN THE WORLD
Multinational Corporations: Giants Shaping the World

Multinational companies are very complex, involved in several countries, and have a very large influence on the international business environment. They have become an institutionalized part of global business and commerce, investment, and cultural exchange. These vast resource MNCs possess elaborate supply chain networks and strong brands, defining industries, providing employment for a large populace, and advancing technologies.

As architects of globalization, MNCs have boosted economic growth within different countries. MNCs demonstrate highly complex issues such as human rights for workers, environmental conservation, and tax evasion. This article gives a background, effects, and consequences of the operation of MNCs in their operation. 

What is a Multinational Corporation (MNC)?

An MNC is a company with a base in one country but ventures, branches, or affiliates in other nations. Both have a highly centralized structure that enables a sophisticated, coordinated approach to managing and directing their international business.

It is common to find many MNCs participating in production, sales, innovation, and production of financial goods and services. Based on their objectives, the use of scale, scope, and location advantages relate to achieving better results in terms of profitability and competitiveness among MNCs.

A Brief History of MNCs

The roots of multinational corporations can be traced back to the early trading companies of the 16th and 17th centuries. These pioneering entities, such as the Dutch East India Company, engaged in global trade and established far-reaching networks. However, the modern MNC emerged in the latter half of the 20th century, driven by various factors.

Technological advancements, particularly in transportation and communication, facilitated global operations. The liberalization of trade policies created opportunities for businesses to expand beyond domestic markets. Additionally, pursuing economies of scale and diversification prompted companies to seek growth in foreign territories. These factors collectively contributed to the rise of multinational corporations as dominant players in the global economy.

TOP 10 MULTINATIONAL CORPORATIONS IN THE WORLD

The Big Ten

1. Apple

Apple, the iconic technology behemoth, was co-founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. Renowned for its innovative hardware, software, and services, Apple operates in the consumer electronics, computer software, and online services sectors. One of the world's most valuable brands, Apple is at the top of global companies in terms of market value.

  • Founders: Steve Jobs, Steve Wozniak, Ronald Wayne
  • Founded: 1976
  • Sectors: Consumer electronics, computer software, online services
  • Brand Value: Approximately $355 billion (as of 2023)
  • Market Value: $3,181 billion (as of June 2024)
  • 2022 Turnover: $394.3 billion

2. Microsoft

Microsoft is a global technology pioneer founded in 1975 by Bill Gates and Paul Allen. Initially focused on software development, Microsoft has expanded into cloud computing, gaming, and productivity solutions. With a strong brand presence, Microsoft is a dominant player in the software industry.

  • Founders: Bill Gates, Paul Allen
  • Founded: 1975
  • Sectors: Software, cloud computing, gaming, productivity solutions
  • Brand Value: Approximately $210 billion (as of 2023)
  • Market Value: $3,342 billion (as of June 2024)
  • 2022 Turnover: $200 billion

3. Nvidia

Nvidia, a leading technology company, was co-founded by Jensen Huang, Curtis Priem, and Chris Malachowsky in 1993. Specializing in graphics processing units (GPUs), Nvidia's chips power gaming, data centers, and artificial intelligence applications. The company has experienced rapid growth due to the increasing demand for high-performance computing.

  • Founders: Jensen Huang, Curtis Priem, Chris Malachowsky
  • Founded: 1993
  • Sectors: Semiconductor, technology
  • Brand Value: Rapidly increasing, exact figure not readily available
  • Market Value: $3,181 billion (as of June 2024)
  • 2022 Turnover: $26.91 billion

4. Alphabet (Google)

Alphabet, the parent company of Google, was founded by Larry Page and Sergey Brin in 1998. Starting as a search engine, Google has evolved into a tech conglomerate interested in advertising, cloud computing, hardware, and self-driving cars. Google's brand is synonymous with internet search.

  • Founders: Larry Page, Sergey Brin
  • Founded: 1998
  • Sectors: Technology, advertising, cloud computing, hardware, self-driving cars
  • Brand Value: Approximately $281 billion (as of 2023)
  • Market Value: $2,222 billion (as of June 2024)
  • 2022 Turnover: $282.84 billion

TOP 10 MULTINATIONAL CORPORATIONS IN THE WORLD

5. Amazon

Amazon, founded by Jeff Bezos in 1994, began as an online bookstore but has transformed into a global e-commerce giant. Offering a vast array of products and services, Amazon has expanded into cloud computing, streaming, and grocery delivery. Its rapid growth and diversification have solidified its position as a tech industry leader.

  • Founders: Jeff Bezos
  • Founded: 1994
  • Sectors: E-commerce, cloud computing, streaming, grocery
  • Brand Value: Approximately $249 billion (as of 2023)
  • Market Value: $1,967 billion (as of June 2024)
  • 2022 Turnover: $513.98 billion

6. Saudi Aramco

Saudi Aramco, a state-owned oil and gas company, was founded in 1933. As the world's largest oil producer, Saudi Aramco plays a pivotal role in the global energy market. The company generates significant revenue for the Saudi Arabian economy with substantial oil reserves and production capacity.

  • Founded: 1933
  • Sectors: Oil and gas
  • Brand Value: Significant but exact figure not publicly available
  • Market Value: $1,801 billion (as of June 2024)
  • 2022 Turnover: Approximately $229 billion

7. Meta Platforms (Facebook)

Meta Platforms, formerly known as Facebook, was founded by Mark Zuckerberg in 2004. The company owns and operates several social media platforms, including Facebook, Instagram, and WhatsApp. Meta Platforms have become dominant in digital advertising and social media, with billions of active users worldwide.

  • Founders: Mark Zuckerberg
  • Founded: 2004
  • Sectors: Social media, advertising
  • Brand Value: Approximately $224 billion (as of 2023)
  • Market Value: $1,255 billion (as of June 2024)
  • 2022 Turnover: $116.61 billion

8. TSMC

Taiwan Semiconductor Manufacturing Company (TSMC), founded by Morris Chang in 1987, is a world leader in semiconductor manufacturing. TSMC produces chips for major tech companies, playing a crucial role in the global semiconductor supply chain. The company's advanced manufacturing capabilities have contributed to its significant market value.

  • Founders: Morris Chang
  • Founded: 1987
  • Sectors: Semiconductor manufacturing
  • Brand Value: Not as prominent as other tech giants
  • Market Value: $902.22 billion (as of June 2024)
  • 2022 Turnover: $72.64 billion

TOP 10 MULTINATIONAL CORPORATIONS IN THE WORLD

9. Berkshire Hathaway

Berkshire Hathaway, led by Warren Buffett, is a conglomerate with investments in various sectors, including insurance, energy, and finance. Founded in 1839, the company has grown into a diversified holding company with a robust investment portfolio. Berkshire Hathaway's reputation for long-term value investing has contributed to its substantial market value.

  • Founded: 1839
  • Sectors: Diversified investments (insurance, energy, finance)
  • Brand Value: Strong reputation for investment acumen
  • Market Value: $883.13 billion (as of June 2024)
  • 2022 Turnover: Not publicly available due to conglomerate structure

10. Eli Lilly

Eli Lilly, a pharmaceutical giant, was founded by Colonel Eli Lilly in 1898. The company focuses on developing medicines for diabetes, cancer, and other diseases. With an intense research and development pipeline, Eli Lilly has established itself as a leader in the pharmaceutical industry.

  • Founders: Colonel Eli Lilly
  • Founded: 1898
  • Sectors: Pharmaceuticals
  • Brand Value: Strong brand recognition in healthcare
  • Market Value: $840.04 billion (as of June 2024)
  • 2022 Turnover: $31.62 billion

Note: Brand values and market values can fluctuate over time. The provided figures are estimates based on available data.

Conclusion

This article provides an overview of what a multinational corporation is, its place in history, its domestic and global business impact, and its potential future. It is important to remember that the business world is dynamic, and the rankings and influence of these companies can change over time.


Source: www.ihracat.co 

Written by: Aykut Alan


  

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