MNC
Business & Finance abbreviation · Management & Strategy
| Stands for | Multinational corporation |
|---|---|
| Categories | Business & Finance |
MNC stands for Multinational corporation, a management & strategy abbreviation.
Company that owns or controls production, services or subsidiaries in more than one country, managed from a headquarters in its home country. MNCs account for a large share of world trade and foreign direct investment.
Example: Many MNCs run regional operations from Singapore or Dublin for tax and logistics reasons.
Usage notes
Also called a multinational enterprise (MNE), the term preferred by the OECD and UNCTAD, or a transnational corporation (TNC) in some UN reports. The OECD's global minimum tax of 15 percent (Pillar Two) applies to MNE groups with annual revenue of at least €750 million.
Related abbreviations
More management & strategy abbreviations
- KT – Knowledge transfer
- LOB – Line of business
- MBO – Management by objectives
- MBWA – Management by walking around
- MECE – Mutually exclusive, collectively exhaustive
- MIS – Management information system
- MoM – Minutes of meeting
- MVP – Minimum viable product
- OEE – Overall equipment effectiveness
- OGSM – Objectives, goals, strategies and measures
- OKR – Objectives and key results
- PDCA – Plan-do-check-act