Aaron Rodriguez
Ian Huang
Kelly Nguyen
Pedro Toribio

Class Project 1 - Group 4

Define the different categories of organizations by extent of international involvement.
Hint – Domestic (Ian), International (Pedro), Multinational (Kelly), Global (Aaron)

    Domestic organizations generally have zero or at most low international involvement. Normally governed by U.S. laws and utilize GAAP financial reports. These firms operate only or mostly within a single country. Domestic organizations may import supplies and export products, however, this is still only a small part of their business activities. This is why domestic organizations are the lowest ranked in terms of international involvement.
   
International organizations are in the united states but have significant investments outside of the U.S. international organizations are not the lowest ranked for international involvement instead they would be at level 2 of 4. Their governance are usually determined by U.S. laws. Their accounting according to GAAP.

    Multinational organizations also known as worldwide enterprise is a corporate organization that owns or controls production of goods or services in two or more countries other than their home country. The two main characteristics of MNCs are how large they are and the fact that their activities worldwide are centrally controlled by the parent companies. Generally when the main body is made up of large companies there is a national strength in the way of foreign direct investment or acquire local enterprises. These companies usually has a stronger competitiveness in the world due to strong economic and technical strength with fast information transmission as well as funding for rapid cross-border transfers.

Global organizations are organizations with investments and profit centers in many countries with no single center of dominance and create one company culture with one set of processes that facilitate a more efficient and effective single global organization and the country will have power to run itself. Some report financial statement according to GAAP but most adhere to IFRS. Global organization include the United Nations, Unicef, World Bank etc.


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