Running head: MULTINATIONAL COMPANIESMultinational CompaniesNameInstitution1MULTINATIONAL COMPANIES2Multinational CompaniesThe multinational firm is one of the most persuasive types of firm in the global economyand some are very large and own most of the technology in the world. Managing a multinationalfirm calls for adopting an appropriate strategy-structure configuration besides realizing theeconomic advantages of the firm (Ross et al., 2013). The socio-political aspects of Nokia andSamsung are similar in a number of ways, but also some differences are notable. Both thecompanies rely on the government, political ties, labor unions, and the community to be able tooperate in their home countries. The home governments have erected barriers to entry againstother foreign companies such that these companies can enjoy maximum profit. At the same time,home completion comes up considering that they are both in very developed countries and othertechnologies emerge within and are not affected by such barriers. Cheap labor is provided in thehome countries and, therefore, the cost of production is very low and the companies end upmaking very huge profits from exportin ...
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