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Lecture notes 3.4.3 Controlling MNC’s
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3.4.3 Controlling MNC’s Factors to consider
o Political influence
Regulation
Ensure that the firm is being monitored on its actions
Laws about waste or environmental damage
Tariffs
Quotas
Subsidies
o Allow domestic firms to compete with MNC
o Legal control
More effective in a developed country
Government is less likely to be corrupt and will be a bigger influence
Employee legislation
Minimum wage
Required breaks
Maximum shift hours per day
o Pressure groups
Independent 3rd parties which force MNC’s to do the right thing
Greenpeace
o Protest
o Boycott
o Social media
Facebook/Twitter enables us to live in an information age and encourages
consumer sovereignty
Global reach
Powerful way to raise awareness
o Self-regulation
A firm monitors its own behaviour regarding ethical or legal standards.
Act ethically to preserve reputation
More effective if the laws are weak or missing
Used mostly in developing countries
Profit maximisation could harm this
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