I
don’t have any experience in working with any MNC or any Indian Company (Public
Sector/Private Sector). But, in future, I may be working with any of them. When
it comes to it, one question always strikes my mind, “Are MNC’s superior to
Indian Companies?? Which of them is better???”
The globalization and the liberalization movement
have encouraged the interest of foreign direct investments in any country. The
reason behind the attractiveness of foreign country in India is just that India
is one of the fastest growing economies in the world and the same is the reason
behind setting up their own manufacturing, industrial and distributing units in
India.
Multinational firms have provided a wide
opportunity for the employees in the country by providing them employments,
which reduces the problem of unemployment. Moreover, it has introduced cross
culture in the country. The workers are provided with good and fair salary,
which leads to higher purchasing powers in the hands of public, which
ultimately increases the standard of living. As the multinational companies are
from developed country they afford using high technologies and machines, due to
which they are able to produce goods at a good quality and can make the goods
available at lowest possible price, which is easy to purchase by people of
middle and lower middle class families. They not only use effective machines
for production processes but also make the employees train properly under
professionals and make them efficient and effective for their company, which
leads to skillful employers or workers in them. It is much obvious that by
making use of such highly skillful workers and advanced technologies they will
produce goods of superior quality.
Till the end of 20th century, most of
the people used to think that Indian cos can’t beat MNC’s. They can’t even
compete with them. But that’s not the scene today. Indian Companies like
Reliance Industries, Tatasons Ltd., Hindalco (Aditya Birla Group), Wipro,
Infosys, RPG enterprises, SBI, ONGC, SAIL, BPCL, HPCL, CIL, etc. had entered in
top Fortune 500 companies and in the list of one of the best workplace to work
with. Not only Indian Public Sector privately owned companies, but also the
Government undertaken units are competing well with MNC’s.
Where, on one side, MNC’s are spreading their
branches across the world, providing an opportunity to grow by employing the
workforce here, introducing cross culture, making the skilled manpower,
effectively contributing to the economy. Apart from these providing high
standards of living, good working culture, maintenance ethics in business forms
the branches that support the growth of MNC’s with a straight motive of
providing high quality products. Not only these, but developing the standards
of society by paying back in the form of Corporate Social Responsibility.
Companies like Kellogg’s and McDonald’s innovated Indian Flavors to capture the Indian market.
On the other side, Indian
companies are very young in their establishment and are going through a fast
pace of growth with innovative ideas, constant up gradation and challenging the
MNC’s by providing the superior quality and services. Many Indian
companies and brands have shown enormous fight back capacities: Godrej, Nirma,
Dabur, ITC, Videocon, and others, apart from many new companies.
When
I look into all these things, again an unending debate takes pace in my mind and I end up with a dilemma.....
- Prateek Aloni
I have been searching for details about this topic for ages and yours is the best I’ve discovered so far.
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