Please assess my writing task 2
Posted: Tue Nov 08, 2016 7:24 pm
Some international companies are very powerful now and many people believe that it is a negative development. Do you agree or disagree with this statement? Give your reasons and relevant examples.
Many multi-national companies expanding their business in other countries to become market leaders. Many feel that it has some serious drawbacks. However, I disagree with the statement. I personally think that its advantages outweigh the disadvantages. The same is explained below.
To begin with, many international companies are trying to be monopolist which could affect the market negatively. Since after monopoly, they can influence market dynamics according to their needs to gain more profit. For example, Bharti Airtel who is market leader in India in telecommunication industry, have many times hiked tariffs for its customers and because of lack of substitutes, people have to accept it. Furthermore, such large organizations can be a barrier for new startups as they might lack investments and strategies and hence cannot capitalize. Moreover, such companies take money of out of the country. This could impact country’s economy and foreign reserves.
Despite the above argument, there are many benefits of these. Firstly, these companies have global presence which means on one side they bring new technologies in the country and on other side offer good quality products to maintain or even improve the brand reputation in the market place. Secondly, new jobs will be created by these companies and they often provide good work environment for its employees. For instance, as per a recent survey, Google is considered to be the best company to work for in India. These reports encourage people especially adults to work in such good atmosphere. Last but not least, these associations delight their customers with pre and post sales services which is big plus point for them.
To conclude, every coin has two sides and this one is no exception. I personally believe that it will be more beneficial if we continue to attract such companies towards our country. This will further help to grow our economy.
Many multi-national companies expanding their business in other countries to become market leaders. Many feel that it has some serious drawbacks. However, I disagree with the statement. I personally think that its advantages outweigh the disadvantages. The same is explained below.
To begin with, many international companies are trying to be monopolist which could affect the market negatively. Since after monopoly, they can influence market dynamics according to their needs to gain more profit. For example, Bharti Airtel who is market leader in India in telecommunication industry, have many times hiked tariffs for its customers and because of lack of substitutes, people have to accept it. Furthermore, such large organizations can be a barrier for new startups as they might lack investments and strategies and hence cannot capitalize. Moreover, such companies take money of out of the country. This could impact country’s economy and foreign reserves.
Despite the above argument, there are many benefits of these. Firstly, these companies have global presence which means on one side they bring new technologies in the country and on other side offer good quality products to maintain or even improve the brand reputation in the market place. Secondly, new jobs will be created by these companies and they often provide good work environment for its employees. For instance, as per a recent survey, Google is considered to be the best company to work for in India. These reports encourage people especially adults to work in such good atmosphere. Last but not least, these associations delight their customers with pre and post sales services which is big plus point for them.
To conclude, every coin has two sides and this one is no exception. I personally believe that it will be more beneficial if we continue to attract such companies towards our country. This will further help to grow our economy.