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1 – 10 of over 1000The purpose of this paper is to re-assess both the nature and sources of the competitive advantages which multinationals expanding from home bases in emerging economies (EMNEs…
Abstract
Purpose
The purpose of this paper is to re-assess both the nature and sources of the competitive advantages which multinationals expanding from home bases in emerging economies (EMNEs) may enjoy in the global market.
Design/methodology/approach
The paper analyses the results of 12 concurrent studies undertaken by a group of experts who were asked to examine how strategies for innovation, international value chain configuration and foreign mergers and acquisitions contributed to the competitive advantages of multinationals emerging from Brazil, Russia, India and China (the BRICs), respectively.
Findings
EMNEs do have competitive advantages that can underpin their expansion abroad, but these are mainly “non-traditional” advantages that have been built by finding innovative ways to leverage advantages of their home countries. EMNE’s internationalisation is as much about accessing new resources and knowledge to enable them to extend their competitive advantage, as it is a route to exploiting existing advantages over a larger set of markets. As a result, the global value chain structure of EMNEs tends to be fundamentally different from that chosen by incumbent multinationals.
Research limitations/implications
The study is limited to EMNEs from the BRIC countries, but implications for EMNEs emerging from other countries are discussed.
Originality/value
We bring to bear extensive data and a systematic approach to understanding the new breed of multinationals emerging from the BRIC countries; their sources of competitive advantage; and how they are using innovation, foreign investment and overseas acquisitions to transform global competition.
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To explore the implications of the fundamental forces that are reshaping the competitive playing field in Asia and the strategies required to win in the future.
Abstract
Purpose
To explore the implications of the fundamental forces that are reshaping the competitive playing field in Asia and the strategies required to win in the future.
Design/methodology/approach
The paper is draws on detailed fieldwork and consulting assignments with Asian companies, backed by the author's 20 years of experience working in Asia to analyze the key competitive changes and provide a framework for developing successful strategic responses.
Findings
Four fundamental changes are underway that are reshaping the competitive game in Asia: the demise of asset speculators; the rapid development of China scattering the traditional “flying geese” pattern of development; the breakdown of barriers that traditionally protected Asia's national economic baronies; and the decay of “me‐too” strategies. New strategies are therefore called for.
Practical implications
In the new Asian competitive environment, successful strategies will include the following elements: a new productivity drive; renewed focus on brand building and service quality; reaping more cross‐border synergies and driving industry consolidation; and re‐locating innovation activities into in Asia. Although the mix of these strategic options will vary by business, it will take a different kind of company to succeed Asia's next round of competition.
Originality/value
The paper provides a forward‐looking perspective on how to compete in one of the world's most dynamic regions and lays out the strategic options for companies in the new competitive game that has begun.
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To provide an insight into some of the current thinking and strategies of Chinese companies seeking to play a significant role in global markets, particularly in the West.
Abstract
Purpose
To provide an insight into some of the current thinking and strategies of Chinese companies seeking to play a significant role in global markets, particularly in the West.
Design/methodology/approach
This briefing is prepared by an independent writer who adds impartial comments, and places the articles in context.
Findings
Chinese businessmen, like their peers throughout the world, face big challenges, huge opportunities and stimulating prospects. The rush of Western businesses to get a piece of the action in that massive country, with its enormous domestic market, is seldom out of the news. We're bombarded with statistics of what quantities of raw materials are (as the headline writers often put it) “being sucked into China” and possibly leading to shortages and the consequently higher prices elsewhere.
Practical implications
Helps Western companies to understand that China, in addition to providing huge opportunities and markets for them, will also provide challenges to their dominant positions.
Originality/value
The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to digest format.
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The purpose of this paper is to review the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.
Abstract
Purpose
The purpose of this paper is to review the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
When the twentieth century began, most observers were under no illusions about the growing economic power of the US. They understood that it would eventually overshadow Britain and the other leading west European nations. There seems to be a similar inevitability about the growing power of China; the likelihood is that, well before the end of this century, it will have superseded the US as the world's strongest economy.
Practical implications
Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.
Originality/value
The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.
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Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some…
Abstract
Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.
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Milad T. Jannesari and Sherry E. Sullivan
The continued expansion of organizations outside China's planned economy due to the Belt-and-Road Initiative (BRI) is expected to increase recruitment of self-initiated…
Abstract
Purpose
The continued expansion of organizations outside China's planned economy due to the Belt-and-Road Initiative (BRI) is expected to increase recruitment of self-initiated expatriates (SIEs). Drawing on social capital, motivation and socialization theories, this study examines the experiences of SIEs in China, which is considered one of the most difficult locations for foreigners to work. While previous research has focused on the impact of individual characteristics on adjustment, this study explores the interplay among relationship quality (trust and shared vision), autonomous work motivation, socialization experience and adjustment.
Design/methodology/approach
Based on the developed theoretical framework, hypotheses are proposed and tested using data collected by surveying 274 SIEs in China.
Findings
Relationship quality with host country nationals (HCNs) was positively associated with adjustment, and autonomous work motivation fully mediated this relationship. Socialization experience moderated the association between relationship quality and autonomous work motivation. Specifically, SIEs' socialization experience strengthened the associations of trust and shared vision with autonomous work motivation. However, socialization experiences failed to moderate the mediated effects of trust and shared vision on adjustment via autonomous work motivation.
Originality/value
This study answers repeated calls for more research on SIEs' adjustment and SIEs working in non-Western countries, especially China. The findings underscore the importance of studying SIE-HCN work relationships and the theoretical value of autonomous work motivation as an underlying mechanism by which the quality of an SIE's relationship with an HCN colleague influences adjustment.
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Ying Zhang, Yuran Li, Mark Frost, Shiyu Rong, Rong Jiang and Edwin T.C. Cheng
This paper aims to examine the critical role played by cultural flow in fostering successful expatriate cross-border transitions.
Abstract
Purpose
This paper aims to examine the critical role played by cultural flow in fostering successful expatriate cross-border transitions.
Design/methodology/approach
The authors develop and test a model on the interplay among cultural intelligence, organizational position level, cultural flow direction and expatriate adaptation, using a data set of 387 expatriate on cross-border transitions along the Belt & Road area.
Findings
The authors find that both organizational position level and cultural flow moderate the relationship between cultural intelligence and expatriate adaptation, whereby the relationship is contingent on the interaction of organizational position status and assignment directions between high power distance and low power distance host environments.
Originality/value
Previous research has shown that higher levels of cultural intelligence are positively related to better expatriate adaptation. However, there is a lack of research on the effect of position difference and cultural flow on such relationship. Our study is among the first to examine how the interaction between cultural flow and organizational position level influences the cultural intelligence (CI) and cultural adjustment relationship in cross-cultural transitions.
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