Advancement in technology has been undoubtedly widened the scope of organisational establishment. Global businesses are evolving exponentially in multiple upcoming nations of the world. This essay will analyse, the benefits and the drawbacks of this scenario.
Firstly, establishment of companies, especially in raising countries works as a catalyst in Individual growth, and also Society as a whole. People get benefitted as they possess multiple employment opportunities and, thereby families are becoming stronger in terms of finance. On the other hand, potential companies render a huge advantage for geographies, as regional infrastructure can be built with the support of such organisations. To illustrate, Times reported that, In India there is a dramatic variation in per capita income and also development rate between 2010 and 2020 as multiple overseas companies have been established since then. Thus, growth in multinational companies in a region is a boon not only for the masses but also for the community development.
On the contrary, these companies are raising issues such as health problems and dissolving of family bonds. Individuals tend to become workaholic as there is a lot of pressure at work, as a result, they are unable to invest time in taking care of their health, and thereby are prone to several health problems including diabetes, BP and many more. Also, family relations are not as strong as previous, as both the parents are unable to spend quality time with their children as they are occupied with their own Job commitments. For example, WHO reported that the average health rate has decreased significantly compared to the previous and the current decade as individuals are unable to maintain a proper diet for themselves and their family, and are prone to stress due to modern lifestyle. Therefore, MNC’s indirectly hinder the personal bonds and deteriorate health conditions of public.
In conclusion, although the establishment of global enterprises is overwhelming as they yield factors such as money and luxury, they are also hazardous as they are root cause of adverse health conditions and poor Family bonds among mankind.
Advancement in technology has been
undoubtedly
widened the scope of
organisational
establishment. Global businesses are evolving
exponentially
in multiple upcoming nations of the world. This essay will
analyse
, the benefits and the drawbacks of this scenario.
Firstly
, establishment of
companies
,
especially
in raising countries works as a catalyst in Individual growth, and
also
Society as a whole.
People
get
benefitted
as they possess multiple employment opportunities and, thereby
families
are becoming stronger in terms of finance.
On the other hand
, potential
companies
render a huge advantage for geographies, as regional infrastructure can
be built
with the support of such
organisations
. To illustrate, Times reported that, In India there is a dramatic variation in per capita income and
also
development rate between 2010 and 2020 as multiple overseas
companies
have
been established
since then.
Thus
, growth in multinational
companies
in a region is a boon not
only
for the masses
but
also
for the community development.
On the contrary
, these
companies
are raising issues such as
health
problems and dissolving of
family
bonds. Individuals tend to become workaholic as there is
a lot of
pressure at work,
as a result
, they are unable to invest time in taking care of their
health
, and thereby are prone to several
health
problems including diabetes, BP and
many
more.
Also
,
family
relations are not as strong as previous, as both the parents are unable to spend quality time with their children as they
are occupied
with their
own
Job commitments.
For example
, WHO reported that the average
health
rate has decreased
significantly
compared to the previous and the
current
decade as individuals are unable to maintain a proper diet for themselves and their
family
, and are prone to
stress
due to modern lifestyle.
Therefore
,
MNC
’s
indirectly
hinder the personal bonds and deteriorate
health
conditions of public.
In conclusion
, although the establishment of global enterprises is overwhelming as they yield factors such as money and luxury, they are
also
hazardous as they are root cause of adverse
health
conditions and poor
Family
bonds among mankind.