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Working at a Multinational Corporation and the Impact of Globalization on Small Businesses

Ruben Vallejo

Working for a multinational corporation is a great way to understand the globalization of business, providing first hand experience and knowledge of the problems and solutions, to said problems that business owners encounter on a daily basis. Perhaps the biggest contributor to this disruption is the globalization of business, which almost always means that business owners today must adapt and if necessary make changes to the way they conduct business in order to effectively grow their bottom line.

A multinational corporation or MNC, is defined as a company that has facilities and/or assets in at least one other country than its home …show more content…
As a small business consultant working at UPS it has become apparent to me that those businesses which conduct international business thrive, while those that do not often struggle to break even. UPS understands this, spending millions of dollars every year to upgrade and maintain its multinational facilities. Often however, businesses are faced with daunting challenges when first launching globally whatever that may entail something as small as a company starting to ship to Canada or a Fortune 500 company choosing to launch in a new market. Challenges like cultural differences are often overseen creating bigger problems which can negatively impact the bottom line of the corporation. Other things like understanding the law, tax code, type of workforce and market of the countries where business is to be conducted are imperative and must be researched and understood before making the final decision to start conducting international business. In my role at UPS it is my responsibility and expertise to help guide business owners through the many resources available to them and structure, as well as, streamline their supply chain to be as effective as possible in order to positively impact the triple bottom line of the business, making sure it is not only profitable but also socially and environmentally

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