The New Multinationals

ISBN-13: 9780521516143 / Angielski / Twarda / 2010 / 240 str.

Mauro F Guillen

Opis

A new breed of multinational companies is reshaping competition in global industries. For most of the 19th and 20th centuries, multinational firms came from the most technologically advanced countries in the world. Over the last two decades, however, new multinational firms from upper-middle-income economies such as Spain, Ireland, Portugal, South Korea or Taiwan, emerging economies like Brazil, Chile, Mexico, China, India or Turkey, developing countries such as Egypt, Indonesia or Thailand, and oil-rich countries like the United Arab Emirates, Nigeria, Russia or Venezuela have become formidable global competitors. These firms do not necessarily possess technological or marketing skills. This disadvantage, however, did not prevent them from expanding around the world. In contrast to the classic multinationals, they found strength in their ability to organize, manage, execute, and network. They pursued a variety of strategies of vertical integration, product diversification, learning by doing, exploration of new capabilities, and collaboration with other firms. This book documents the dimensions of this phenomenon, identifies the key capabilities of the new multinationals, and provides a new conceptual framework to understand its causes and implications.

Recenzje

'The sudden surge in outward direct investment by multinational enterprises from the so-called emerging economies is highly significant and demands concerted scholarly attention. Through their insightful assessment of select world-class firms from different industrial sectors in Spain and Latin America, Professors Mauro Guillén and Esteban García-Canal make an excellent and timely contribution. They convincingly demonstrate how these firms are not just following well-trodden paths set by the more established multinational but are instead charting their own paths through a wider array or managerial and organizational capabilities. A thought-provoking book. Both managers as well as students of multinational firms should find much in this book to stimulate them.' Anoop Madhok, Schulich School of Business, York University

Spis treści

List of figures; List of tables; 1. The new multinationals; 2. Traditional and new multinationals; 3. Diversification and vertical integration in traditional industries; 4. Market access and technology in durable consumer goods; 5. Serving global customers in producer goods; 6. Learning by doing in infrastructure and financial services; 7. Competing in hard and soft services; 8. Toward a new theory of the multinational enterprise; Bibliography; Index.