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Globalization of Chinese Enterprises
 
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Globalization of Chinese Enterprises
Edited by Ilan Alon and John R. McIntyre
 
 
Palgrave Macmillan
 
 
 
 
 
14 Dec 2007
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£73.00
|Hardback Print on Demand
  
9780230515628
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DescriptionReviewsContentsAuthors

Globalization of Chinese Enterprises is a unique contribution to a growing literature. It analyzes, through a series of unique contributions by Chinese and Western experts, the rapid evolution of Chinese enterprises in global markets, outside of the Asian-Pacific area and provides a roadmap to understand its evolution of Dragon multinationals and their impacts. The next frontier in the economic battlefield is the globalization of Chinese enterprises. Lenovo's purchase of the IBM PC division is among the most well known example. Little, however, is known about why and how Chinese firms internationalize. On the one hand, they are governed by the market forces of demand and supply, but on the other hand they can be aided and injured by the political agenda of the Chinese government. Most studies of internationalization have been grounded in the paradigms of developed countries. However, it is increasingly apparent that the resulting theories may have to be adjusted when applied to China - which is one of a kind even among today's transition economies in terms of the emerging social market economy, uniquely controlled by market forces, government directives, and institutional constraints. The globalization of the Chinese enterprises and the economy is a subject not well researched and at the forefront of today's debates over Chinese economic growth. Filling this gap in the literature, this book represents a selection of original contributions by both Chinese and Western scholars


Description

Globalization of Chinese Enterprises is a unique contribution to a growing literature. It analyzes, through a series of unique contributions by Chinese and Western experts, the rapid evolution of Chinese enterprises in global markets, outside of the Asian-Pacific area and provides a roadmap to understand its evolution of Dragon multinationals and their impacts. The next frontier in the economic battlefield is the globalization of Chinese enterprises. Lenovo's purchase of the IBM PC division is among the most well known example. Little, however, is known about why and how Chinese firms internationalize. On the one hand, they are governed by the market forces of demand and supply, but on the other hand they can be aided and injured by the political agenda of the Chinese government. Most studies of internationalization have been grounded in the paradigms of developed countries. However, it is increasingly apparent that the resulting theories may have to be adjusted when applied to China - which is one of a kind even among today's transition economies in terms of the emerging social market economy, uniquely controlled by market forces, government directives, and institutional constraints. The globalization of the Chinese enterprises and the economy is a subject not well researched and at the forefront of today's debates over Chinese economic growth. Filling this gap in the literature, this book represents a selection of original contributions by both Chinese and Western scholars


Reviews




'Coinciding with the first major outflow of Chinese capital since reforms began, Globalization of Chinese Enterprises is a timely contribution to our understanding of the strategies of these emerging multinationals.  Some companies, such as Huawei, already earn more than half of their revenues abroad, and others are close behind.  Chinese capital is clearly joining the international market and shaping business environments around the world.   This volume represents the frontiers of research on this important topic.' - Dr. Penelope B. Prime, Director, China Research Center, Mercer University, USA 
 
'Globalization of Chinese Enterprises is a timely book that has both theoretical and empirical value. This book helps researchers to get a better picture of the 'rich' China, in terms both of capital and people. Also, I recommend this book to those who are interested in learning how Chinese firms leverage their resources to overcome the disadvantages such as lack of international experiences, brand names, and qualified managers, to mention just a few. The book builds on the scant existing literature of Chinese outward FDI and expands our understanding of the internationalization of Chinese firms. Not only international business scholars, but also China scholars and managers will benefit from reading the book.' - Verner Worm, The Copenhagen Journal of Asian Studies
 
'It provides valuable information about the globalisation of Chinese enterprises and is a worthy addition to your reading list.' - David Lamond, Chinese Management Studies
 
'This book is one of the first academic contributions analysing the factors pushing Chinese firms to internationalise their activities... The Chinese contributions are welcome for their ability to conceptualise internationalisation in terms of contemporary Chinese managerial thinking, often through the use of picturesque formulas ('dancing with wolves')...Through these diverse contributions, the book provides a better grasp of the dynamics unfolding at a critical phase of China's economic growth.' - Xavier Richet, French Centre for Research on Contemporary China


Contents

INTRODUCTION

PART ONE:  RESOURCES AND OUTWARD FDI
Resources, Capability, and Outbound FDI from Chinese Companies; P. Deng
Knowledge Acquisition and Learning Strategies in Globalization of China's Enterprises; F. Tang, X. Gao, and Q. Li
Performance Strategies for the Globalizing Chinese Business Enterprise:  Resource and Capabilities-Based Insights from a Three-Level Strategic Fit Model; I. Alon, T. T. Herbert, and J. M. Munoz

PART TWO:  INSTITUTIONAL CONSIDERATIONS
Growth of Made-in-China Multinationals: An Institutional and Historical Perspective; X. Yang and C. Stoltenberg
Competing on Scale or Scope?  Lessons from Chinese Firm's Internationalization; M. Peng, L. Sun, and W. Tan
Aligning Strategies with Institutional Influences for Internationalization: Evidences from a Chinese SOE; L. Teck Hui and Q. Kia Fatt

PART THREE: CASE STUDIES
The Chinese Automobile Industry is Driving West; M.Fetscherin& M.Sardy
Huawei Technologies: The US Challenge; M.Simmons
Tsingtao Beer in the United States; S.Baohong, Q.Yongzhong& Z.Hao
Internationalization of Wuliangye Distillery: China's Leading Manufacturer and Seller of Spirits and Wine; J. Gilbert

PART FOUR: REGIONAL IMPLICATIONS
Vietnam, Flying Geese, and the Globalization of China; T. Lairson
Paths to Globalization: The Korean Chaebol and Chinese State-Owned Enterprises; J. Johnson
Domestic Inter-Firm Networks and the Internationalization: A Cross-Industry Study of Taiwanese SMEs; T. C. Lawton and K. Linz
The Globalization of Northeast China's MNCs: A Study of the Electronics Industry; J. Kurihara

CONCLUSION


Authors

ILAN ALON is Rollins College's Petters Chair of International Business and Executive Director of The China Center at Rollins College, and Harvard University's Visiting Scholar and Asia Fellow. He is the author, editor, and co-editor of twenty books and over one hundred published articles, chapters, and conference papers. His three recent books on China include Chinese Culture, Organizational Behavior and International Business Management (Greenwood, 2003), Chinese Economic Transition and International Marketing Strategy (Greenwood, 2003), and Business and Management Education in China: Transition, Pedagogy and Training (World Scientific, 2005)

JOHN R. MCINTYRE has been Director of the Georgia Tech Center for International Business Education and Research (CIBER), a national center of excellence, since 1993 and a professor of international business management and international relations with joint appointments in the College of Management and the Sam Nunn School of International Affairs of the Georgia Institute of Technology, Atlanta, Georgia, USA. He is also a senior fellow of the Center for Trade and International Security of the University of Georgia, Athens, Georgia, USA. Among his recent books are a three-volume series on Business Education and Emerging Market Economies: Perspectives and Best Practices (Kluwer Academic Publishers, Boston, 2004), Business and Management Education in Transitioning and Developing Countries: A Handbook (M.E. Sharpe, New York, 2005), Business and Management Education in China: Transition, Pedagogy and Training (World Scientific Publishing Co. Ltd., Singapore and London 2005).