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Format: 1 online resource (378 pages)

Edition: 1st ed.

ISBN: 9781107032552 , 9781107333475

Content: Multinationals from the BRIC countries are a new and powerful force in global competition and are challenging the incumbency of much older global companies from Europe, the USA and Japan. This book examines how this new breed of multinationals has transformed global competition through innovation, foreign investment and overseas acquisitions

Note: Intro -- Contents -- List of figures -- List of tables -- Notes on contributors -- Acknowledgements -- Introduction -- Part I Innovation and competitive advantage -- 1 Innovation by Brazilian EMNEs -- Innovation in Brazil -- The shaping and posture towards innovation in Brazil -- The types of innovation prioritised by Brazilian firms -- Brazilian multinationals building competitive advantages through innovation -- Commodity innovation -- Product innovation -- Sustainable innovation -- Business model innovation -- Bottom-of-the-pyramid innovation -- Reverse innovation -- The Brazilian way to innovate -- 2 Innovation by Russian EMNEs -- Introduction -- Context: innovation in Russia -- Macro-view and public policy -- Innovation in Russian companies and comparison with other BRIC economies -- Interplay of innovation and internationalisation -- Innovation-driven internationalisation -- 'Domestic' innovation-driven internationalisation -- 'Global' innovation-driven internationalisation -- Innovation-seeking internationalisation -- 'Global' innovation-seeking internationalisation -- 'Domestic' innovation-seeking internationalisation -- Innovation and competitive advantage of Russian multinationals -- Analysis and conclusions -- 3 Innovation by Indian EMNEs -- Introduction -- Phase One (1990-2000): arbitrage-based internationalisation -- Phase Two (2000 to 2005): innovation for the Indian market -- Phase Three (2005 to 2010): leveraging innovation into international markets -- Boundary conditions, limits and challenges -- Conclusions: lessons learned and the way ahead -- 4 Innovation by Chinese EMNEs -- Introduction -- Redefining innovation -- Models of innovation adopted by Chinese firms -- Cost innovation - creating high quality with low cost -- Application innovation - creating new applications of an existing technology , (II.ii) Value-chain configurations of emerging country multinationals -- Introduction -- The contributions of the BRIC cases -- Conclusions -- Part III Mergers and acquisitions and competitive advantage -- 9 Cross-border M& -- A and competitive advantage of Brazilian EMNEs -- Introduction -- M& -- A entry and expansion mode in the internationalisation process of Brazilian companies -- Outward M& -- A of Brazilian companies -- Factors driving cross-border M& -- A and its effects on competitive advantage of Brazilian multinationals -- The role and importance of foreign M& -- A at the firm level -- Natural-resource vertical integrator -- Local optimisers -- Low-cost partners -- Global/regional consolidators -- Global first-movers -- Other driving factors -- Cross-border M& -- A and psychic distance -- Conclusions -- Appendices -- 10 Cross-border M& -- A and competitive advantage of Russian EMNEs -- Extant literature on the rise of Russian multinationals -- The importance of acquisitions abroad -- Overall patterns of foreign acquisition by Russian firms -- Snapshot of selected Russian acquirers abroad -- Snapshots of selected acquirers in resource-based industries -- Snapshots of selected acquirers in non-resource-based industries -- When success is not fully achieved -- Summing up the motivations of Russian MNEs -- Conclusions -- 11 Cross-border M& -- A and competitive advantage of Indian EMNEs -- Introduction -- International acquisitions by Indian firms -- Revisiting the CSA-FSA framework -- Exploitation versus exploration in international M& -- A -- The local optimiser: Bharti Airtel -- The low-cost partner: Indian IT firms -- The global consolidator: Indian steel and aluminum firms -- The global first-mover: Suzlon Energy -- Conclusions -- Appendix -- 12 Cross-border M& -- A and competitive advantage of Chinese EMNEs , Are Brazilian multinationals using their VCCs to increase competitiveness? -- Conclusions -- 6 Value-chain configurations of Russian EMNEs -- MNE theories and the rationale for MNE' s activities configuration -- MNEs' industrial profile as a strategic dimension -- Value-chain configuration in global industries -- Strategic motives for foreign expansion of Russian MNEs -- Strategic roles of RMNEs' subsidiaries -- Conclusions -- 7 Value-chain configurations of Indian EMNEs -- Approaches to explaining the internationalisation of emerging market MNEs and the relevance of value chains -- Global suppliers, own value chains and the sources of competitiveness -- Labour pools, business model innovation and the internationalisation of Indian software firms -- Value-chain configuration and subsidiary roles in the internationalisation of Indian software firms -- Patent reform and the strategies of Indian pharmaceutical firms -- Internationalisation, value-chain reconfiguration and subsidiary management in pharmaceuticals -- Conclusions -- 8 Value-chain configurations of Chinese EMNEs -- Introduction -- Literature review -- Case studies -- Company A: Chinese white goods champion -- Company B: Chinese colour television champion -- Key learning from the Chinese manufacturing pioneers to go to international -- Factory level: adaptation -- Network level: reconfiguration -- Two types of international manufacturing strategy -- Implications for international business studies -- Commentaries on Part II -- (II.i) How emerging market multinational enterprises upgrade capabilities using value-chain configuration in advanced economies -- Introduction -- How emerging market multinational enterprises upgrade capabilities using value-chain configuration in advanced economics -- Insights from Brazil, Russia, India and China -- Conclusions , Business model innovation - creating new ways of doing business with extreme flexibility -- Shanzhai innovation - improving over counterfeits at an extreme speed -- Technological innovation - following the footsteps of incumbent multinationals but improving on established processes -- Sustainability of the innovation advantage pursued by Chinese firms -- Innovation models of Chinese firms and global competitiveness -- Conclusions -- Commentaries on Part I -- (I.i) The contribution of innovation to EMNEs' competitive advantage -- How context shapes innovation -- Macro: country-level factors -- Micro: firm-level factors -- Implications for theory and future research -- Theoretical issues -- Future research -- Conclusions -- (I.ii) Innovation in emerging markets and the rise of emerging market MNEs -- Introduction -- Global value chains - from trade in goods and services to trade in activities -- Advanced economy MNEs as the spark for change in emerging market economies -- The genesis and capabilities of EMNEs -- Concluding remarks -- Part II Value-chain configuration and competitive advantage -- 5 Value-chain configurations of Brazilian EMNEs -- International value-chain configuration -- The emerging multinationals' room for manoeuvre: the spatial and temporal dimensions -- The Brazilian multinationals -- The spaces occupied by Brazilian multinationals -- Spaces opened by the movement of developed countries and their companies moving to knowledge intensive industries -- Spaces created by multinationals from developed countries to establish global production networks (GPNs) -- The new frontiers created by regionalisation and globalisation -- Spaces occupied in globally competitive markets -- The shape of Brazilian multinationals' value chains -- The preferences for international location: an aggregated analysis , Introduction -- The sources and limitations of Chinese EMNEs' existing competitive advantages -- Possible explanations for Chinese EMNEs' cross-order M& -- A -- The first wave of Chinese cross-border M& -- A: Failed springboards -- SAIC-SsangYong Motors -- D'Long Group-Murray -- TCL-Thomson Electronics -- The second wave of Chinese cross-border M& -- A: a 'retreat' to hard assets -- The third wave of Chinese EMNEs' cross-border M& -- A: the 'double handspring' -- Conclusions -- Commentaries on Part III -- (III.i) Cross-border M& -- A by the new multinationals: different reasons to 'go global' -- M& -- A for FSA exploration or exploitation? -- M& -- A to gain home-market or international advantage? -- The role of government -- Conclusions -- (III.ii) Cross-border acquisitions by EMNEs -- Conclusion: rethinking the implications of EMNEs' rise -- Towards an integrated view of EMNEs' competitive advantage -- EMNEs' internationalisation and competitive advantage -- Innovation and competitive advantage -- Enhancing competitive advantage through value-chain reconfiguration -- Enhancing competitive advantage through cross-border M& -- A -- Generalisations and theoretical implications -- Country-level variables -- Country of origin and competitive advantage: differences among the BRICs -- Country of origin and competitive advantage: similarities among the BRICs -- Role of government -- Firm-level variables -- Intangible assets of EMNEs -- The thirst for learning -- A new dispersion of knowledge, capabilities and markets -- Replacement of incumbents in mature industries -- Beyond the BRICs -- Managerial and policy implications -- References -- Index

Additional Edition: Print version Williamson, Peter J. The Competitive Advantage of Emerging Market Multinationals New York : Cambridge University Press,c2013 ISBN 9781107032552

Language: English

Keywords: Electronic books

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