Anyways.. This weeks topic is focused around multi-nation corporations which you already may know, and I understand that everyone probably knows what a multi-national corporation is, but I will just re-enlighten you all (in which case I may receive some bonus marks of somekind Andrzej!?). A multi-national corporation is a company with a clear national home base but operating in several countries, which is almost every company you can think of these days. But today I don't think I am going to be 'blogging' and engaging the meanings/understandings and the what, why, when and how of what a multi-national corporation is, I think i may go with a more modern example closer to myself.
In Nicholas' presentation during our tutorial on Tuesday, he talked a lot about how these days entrepreneurs (mostly the good ones) barely have to do any work but merely produce a bright and innovative idea to get some sort of investor/buyer interested. Mark Zuckerberg would throw a measily 1-2 billion dollars at you for just making him smile (as it would seem). These ideas that Nicholas talked to us about got me interested (must of been the guitar) and thinking, and it came to my mind a good example that I will quickly share today. This example is of a close acquaintance of mine, and proves the fact that because of huge multi-national corporations today taking over the world, entrepreneurs can make a lot of money fast, and then move on to the next without much hassle.
This close friend of mine created a company called e2o along with two other partners. This business specializes in the oil and gas industry. Within 3 years of being created the company was bring in huge earnings and pulling in big contracts within the industry including Wheatstone, Origin and Gladstone projects. they were bought out by Clough (another big player in the industry). For me this sheds a light on how quickly a business or even a good idea can be picked up by a big multi-national corporation, and for a business 3 years of actually operating before being offered a big pay out is not a very long time. And now that they have been bought out, two of the owners are already looking in to their next project, whereby no doubt they are expecting to make some more money by a multi-national corporation.
If you want to have a quick read about my short story, the link is below:
http://www.proactiveinvestors.com.au/companies/news/38930/clough-acquires-commissioning-specialist-e2o-for-14m-38930.html
I hope everyone enjoyed my first blog, I'm sorry but I have never done it before to be honest.
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