Many people think that large international companies bring more profit compared to small local companies, which have a detrimental impact on their development. There are several reasons for that; for example, access to various resources and selection of products for businesses. From my perspective, I believe that more international businesses became widely popular in contrast with local businesses, which appear as positive developments, but can lead to the unintended consequences.
In the contemporary world, many businesses are eager to achieve a leading position at the international market, due to its prestigious and boundless opportunities. Nowadays, if company has access to the global market, it will play a significant role in its development. The various opportunities, which can be achieved only by international market can be helpful for the owners’ companies. The unlimited chances to explore and use useful economy techniques to maximize the efficiency of their enteprises and show their products to the international customers, which can be helpful at increasing the profitability of their businesses. Additionally, because of the accessible factories where international companies can buy necessary tools for their businesses, it may prevent various difficulties with the final outcome.
In contrast, local businesses often face with different challenges. Transferring necessary materials from the city to rural area to produce the product requires significant efforts. It may be financially burden for the local citizens to pay extra money entirely on the materials. Because of that factor, many people from rural areas forced to use available materials, which can be detrimental because of the limited amount of items that they can make. In addition, local companies compared to large business have no chances to use different kinds of advertisiments and expand their company, and they rely exclusively on word of mouth.
In conclusion, I believe that large companies have an negative impacts on the local companies’ development, which can be detrimental for their economy and public there.