Global Future : The Next Challenge for Asian Business

Overview

Look at any list of truly global companies— those with integrated management and operations across multiple borders—and one notes that Asian companies are sorely underrepresented. Notwithstanding the early internationalization successes of Japanese and Korean conglomerates and the more recent international forays by Chinese companies, one must recognize that much of the promise of Asian multinationals leading a “Pacific century” has yet to be realized.

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Overview

Look at any list of truly global companies— those with integrated management and operations across multiple borders—and one notes that Asian companies are sorely underrepresented. Notwithstanding the early internationalization successes of Japanese and Korean conglomerates and the more recent international forays by Chinese companies, one must recognize that much of the promise of Asian multinationals leading a “Pacific century” has yet to be realized.

Global Future: The Next Challenge of Asian Business is a direct response to growing ambitions of Asian companies to go global and the rising pressures on them to internationalize. Advancements in technology, industry changes, and political shifts have fundamentally reshaped the structure of competition, thus challenging the traditional strengths of Asian companies. For corporations that have grown large on the back of national protection and information asymmetries, the environment has become tougher than ever. By profiling early pioneers and leading contemporary globalizers, the authors show how Asian companies can best “climb the globalization staircase” and develop the strategies and capabilities needed to succeed in a global future.

Companies profiled include:

  • From Japan—Sony, Kikkoman
  • From Korea—Samsung Electronics
  • From Hong Kong—Li & Fung
  • From Singapore—Singapore Telecom, Olam
  • From Taiwan—Uni President
  • From Mainland China—ICBC, China Netcom
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Product Details

  • ISBN-13: 9780470821305
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 11/19/2004
  • Edition number: 1
  • Pages: 228
  • Product dimensions: 6.40 (w) x 9.10 (h) x 1.60 (d)

Meet the Author

Pamela C.M. Mar is Associate Director for Greater China at the World Economic Forum, responsible for the Forum's activities and relationships in Greater China. Ms. Mar's publications include Asia’s New Crisis: Renewal through Total Ethical Management, China: Enabling a New Era of Changes and Recreating Asia: Visions for a New Century (all with Frank-Jürgen Richter). She is a frequent speaker to business groups and commentator in regional and international media. She holds degrees from Yale University and London School of Economics, and started her professional career in Hong Kong and Bangkok in business development and venture capital.

Frank Jürgen Richter is President of HORASIS, The Global Visions Community - a Geneva-based consultancy focusing on long-term scenarios related to corporate globalization and Asian business. Prior to founding HORASIS he was Director of the World Economic Forum, in charge of Asian affairs. He has lived, studied and worked in Asia for almost a decade, principally in Tokyo and in Beijing where he developed and managed European multinationals’ China operations. He is a leading analyst of Asian business and economies and an active scholar, having co-authored and edited a series of books on Asian economies and international business.

Peter Williamson is Professor of International Management and Asian Business at the INSEAD in France and Singapore. He has worked closely with companies and governments in Asia on strategy and international expansion over the last 25 years. His research covers globalisation, strategy innovation, mergers and acquisitions, and alliances. His publications include: Winning in Asia: Strategies for the New Millennium, From Global to Metanational: How Companies Win in the Global Knowledge Economy, Managing the Global Frontier, The Economics of Financial Markets, and The Strategy Handbook. Formerly with The Boston Consulting Group, he is advises companies in Europe, Asia and the Americas and serves on the boards of several listed companies. He holds a Ph.D in Business Economics from Harvard University.

Arnoud De Meyer is Professor of Technology Management and Asian Business and Comparative Management at INSEAD. He is also Deputy Dean. Dr. de Meyer has widely published in the field of innovation management and manufacturing strategy. His most recent publications are on the use of internet to stimulate innovation (with S.Dutta and S, Srivastava) and the management of projects under high uncertainty (with C. Loch and M.Pich). He currently prepares a new book on the management of innovation in Asia (with S. Garg). He is outside director of two hi-tech organizations.

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Table of Contents

Part 1: An analysis of internationalization in Asia.

The challenges of internationalization facing the Asian firm and a “staircase model”.

Part 2: Case Studies illustrating some of the themes on internationalization common to Asian Firms.

Defining a viable internationalization strategy (Li and Fung, Haier).

Building the necessary capabilities and experience to underpin internationalization (Kikkoman, Legend).

Understanding the overseas environment, pursuing cross-border M&A and deals, and managing investments overseas.

Petronas, Esquel, System Access Management of the international or dispersed organization, maintaining a unified approach or brand (Shangri-La).

Part 3: Macro-perspectives.

What is the role of policy makers and regulators in the internationalization process (Tommy Koh).

What are the building blocks for an economy that enables Asian firms to globalize (Itoh Motoshige).

HR Development in Asia for an international economy (CEO of an executive search company).

Is there a link between a commitment to globalization and international competitiveness (George Yip or Hiro Takeuchi).

Lessons from the internationalization of European firms (Geoffrey Owen).

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