The Rise of Asian Firms : Strengths and Strategies

Boxes 9.1 Haier Group 9.2 TCL Corporation 9.3 Lenovo Group Ltd 9.4 Founder Group Preface xi there is strong evidence that they are actively seeking out expansion through outbound FDI and strategic alliances. The various book chapters adopt different focuses and perspectives, as well as different research methodologies -both qualitative and quantitative approaches -in their attempt to explain new trends and phenomena in the internationalization of Asian firms. The key topics involve discussions of internationalization patterns, network relationships and localization, understanding of organizational adaptive capabilities and leadership styles, location choice (developed vs developing countries) and the impact of alternate approaches for outbound FDI (mergers and acquisitions vs greenfield investments). This second volume offers extensive case studies and theory-based research with empirical data. Based on in-depth analyses, the chapters provide insightful suggestions and conclusions that showcase the unique challenges confronting Asian firms and the strengths and strategies of these firms in achieving market success and business performance. The selected papers in this book highlight some of the current discussions around the issues, trends and challenges among Asian firms and capture the different "Asian" ways of managing international businesses. The findings and conclusions presented within each chapter present the unique styles of management, insights and reflections based on each country's distinct background, and cultural and historical perspectives. Asia has shed its third world status in the global economic arena and transformed into an important player in international trade and investment. In covering countries from China to India, and Singapore to Taiwan, this book reveals the increasing adoption and integration of Western and Asian business concepts by Asian firms in developing a unique style of Asian strategies for international growth and expansion in the 21st century. Asian economies have become a driving force in the world economy, so are the Asian firms, especially those from emerging markets. This book presents a collection of articles that address the strengths and strategies of the rising Asian firms in the process of internationalization and the challenges they face. As Asian economies have become a driving force in the world economy, much attention has focused on Asian firms, especially those from emerging markets. This book presents a collection of articles that address the strengths and strategies of the rising Asian firms in the process of internationalization and the challenges they face in fulfilling the promise of an Asian century. As their home markets become increasingly open, these firms have developed rapidly based on a myriad of inward internationalization activities and risen quickly in the international market. However, the trajectory of their future is uncertain. Among the many problems challenging the rising Asian multinationals, several pressing issues warrant greater attention: How can they continue to innovate and move up the value chain? How will they overcome late-mover disadvantages and become viable players in the world market? How will they emerge from their home institutional environments and become global leaders? Front Matter....Pages i-xvii Research on Asian Firms: A Review and Look Forward....Pages 1-24 Front Matter....Pages 25-25 The Impact of Network Relationships, Environment and Localization on the Performance of Taiwanese Small and Medium Sized Enterprises....Pages 27-44 The Internationalization of Emerging Market Multinationals: Effects of Host and Home Country Institutional Factors....Pages 45-64 Imprinting Home Institutional Influence: Chinese Firms’ Long-Term Performance in Cross-Border Mergers and Acquisitions....Pages 65-90 Rise of the Indian Firm: Understanding Leadership in Indian Organizations....Pages 91-119 Front Matter....Pages 121-121 Adapting to Change: The State of Singaporean Private Enterprise in China....Pages 123-140 Perspectives on Chinese Foreign Direct Investment in Australia....Pages 141-159 Acquisition versus Greenfield: The Strategy of Chinese Privately Owned Investors in Developing Countries....Pages 160-182 Different Roads to Rome? Patterns of Internationalization in Chinese Firms....Pages 183-204 An Exposition of Indian Overseas Investments in Germany: Trends, Motivations and Challenges....Pages 205-219 Back Matter....Pages 221-227