The nature of every business category depends on a wide range of factors, including but not limited to size, type of goods and services being traded, and the area within which the organization operates. This essay gives a description of five different business organizations, detailing some of their features and examples.
Domestic business organizations are mainly owned and operated by an individual state or country. In other words, a domestic organization mainly identifies itself with the culture of a given country throughout its business activities (Adekola & Sergi, 2007). Such organizations are usually funded by the state, since their main aim is to meet the interests of the country in which they operate.
Another major characteristic of these organizations is that influential appointments are made by the state, without going through several processes of appointing a director or chief executive officer. Additionally, the revenue collected from domestic business organizations is used to meet the needs of the country. They include Hyvee Supermarkets and Cutco Cutlery among others.
International business organizations carry out their transactions across different countries. In other words, this type of business organizations is not limited to the boundaries of the country of establishment (Adekola & Sergi, 2007). These transactions include transfer of technology and the general movement of goods and services. Importantly, international business organizations also deal with exportation and importation of goods and services, depending on the supply or demand for such products and services respectively.
Based on this definition, it is clear that international business organizations cut across several cultures and have an array of features. In this respect, there are countless organizations, which fall in this category. They include McDonalds, King Burger and Nike.
Multinational business organizations operate in several countries. In addition, these organizations normally transact their business activities in major world markets (Newlands & Hooper, 2009). The European Union, Australia and South East Asia are considered to be market regions that are developed.
In the understanding of this category, Coca-Cola Company is always considered as the best example. One major feature of multinational business organizations is that they have as well-established brand, which can sustain it across nations for a long time. For example, Coca-Cola is considered to be among the leading brands in the world today.
Regional business organizations have features of worldwide organizations. This is based on the fact that they usually have members from different countries and are established in certain regions. In addition, these organizations operate in more than one country (Newlands & Hooper, 2009).
Despite this international notion, regional business organizations operate within the confines of borders and demarcations, which connect certain areas like continents, districts or even provinces. The establishment of these organizations is usually driven by the need for economic and political incorporation and regional cooperation. Examples of such organizations include the United Nations, The Arab League and the African Union.
Global business organizations literally operate around the world in almost every nation. They are usually formed by different countries, which come together to achieve a common goal, say, peace and elimination of poverty among other developmental issues affecting the world (Newlands & Hooper, 2009).
These organizations have been viewed from two different stances. Firstly, some people believe that they can be used to promote oppression in the world. On the other hand, they have been used to augment liberation and social justice in most parts of the world. A good example is the World Food Program.
References
Adekola, A., & Sergi, B. (2007). Global Business Management: A Cross-Cultural Perspective. United Kingdom: Ashgate Publishing, Ltd.
Newlands, D., & Hooper, M. (2009). The Global Business Handbook: The Eight Dimensions of International Management. United Kingdom: Gower Publishing.