This casebook demonstrates that the future of global business lies in how well the multinational landscape is charted and how the importance of Asian market leaders is deeply embedded in it. It offers international management students and researchers an extensive guide to the business history, strategy development, and foreign market entry modes used by emerging Asian multinationals. The cases focus on well-known companies such as Lenovo, Alibaba, Infosys, Huawei, Panasonic, and Rakuten. These companies, all of which generate huge revenues in their own countries (e.g. in China, India, South Korea, Taiwan, Vietnam), are now becoming increasingly sophisticated and striving to become global brands, while also enjoying the active support of their governments in terms of their international business. Readers will learn about the current multinational landscape in Asia, the management challenges, and the future implications for traditional western companies seeking to retain their market share. Chapters on corporate entrepreneurship, human resource management and intercultural competence, and current branding trends in Asia will provide a cutting-edge update on international business strategy for students and practitioners alike.
This book provides an analysis of the development of the Chinese securities market, with special reference to the information disclosure regimes in Mainland China, the UK, and Hong Kong. It examines the listed companies, stock exchanges, securities companies, financial intermediaries, financial regulators and investor protection of the system in China, the UK and Hong Kong. The book looks at the role and functions of the securities regulatory commission, and highlights the details and insights that generally reveal the past and current status of the information disclosure regime in the Chinese securities market. By identifying problems and their reasons, the book forms an approach to further develop securities regulation.
Handbook of International Insurance: Between Global Dynamics and Local Contingencies analyzes key trends in the insurance industry in more than 15 important national insurance markets that represent over 90 percent of world insurance premiums. Well-known academics from Europe, the Americas and Asia examine their own national insurance markets, including the competitive structure, product and service innovations, and regulatory developments. The book provides academics and executives with an unprecedented range of information about today’s insurance markets. This book also provides important 'new' information on the evolution of the financial sector worldwide and comprehensive chapters on reinsurance, Lloyd’s of London, alternative risk transfer, South and East Asian insurance markets, and European insurance markets. Setting the stage is an overview chapter by the editors focusing on overall conclusions on globalization.
With a large and growing economy and a leadership dedicated both to domestic reform and the further integration into international society and the world economy, China is facing and posing important challenges at the local, national, regional and wider international level. This book analyses the developmental trajectories of China up to and into the new millennium. Focusing on the substance and underlying forces of change, it considers issues and developments in monetary policy, foreign exchange policy, the trade regime, state-owned enterprise reform, regional economic development as well as social changes, particularly those related to social welfare reform and the Internet. The book also covers economic and political developments in 'Greater China', particularly the prospects of reunification after Taiwan's presidential elections, and analyses the core issues and challenges in China's contemporary relations with the USA, Japan, South-East Asia and Europe.
ÔThis book gives full due to two areas which were totally under-researched in earlier work, namely how corporate evolution takes place and how it can proceed within a highly politicized as well as institutionalized environment. The Dynamics of Corporate Co-evolution is a remarkable statement of facts, a solid perspective on co-evolution Ð the way the relationships between YICT and its environments evolved together. It is an invaluable source of data on how a new container terminal became, after an initially difficult period, one of the world top-class ports largely through the initiatives of its management.Õ Ð Gustaaf De Monie University of Antwerp, Belgium ÔThere are two reasons for recommending this highly readable book. It offers a careful explanation of how interaction between investors, operating firms, local politicians and central administrators shapes the corporate governance of new Chinese multinationals and their contracts in a highly regulated infrastructure industry such as ports. Based on the outcome of the empirical study of ChinaÕs largest container terminal, the book further convincingly argues how the interaction between firms and local politicians or central administrators specifies the missing link in co-evolution theory, namely the mechanism by which firms can convert their demand for a better fitting business environment into corresponding institutional policies. In short the book offers both additional insights into the new business system in China (and suggestions for foreign firms how to better cope with such a system), and the process by which good theory gets refined.Õ Ð Barbara Krug, Erasmus University, The Netherlands ÔThe dramatic progress of many societies in recent decades has rested Ð often without full acknowledgement Ð on the hybridizing of different business systems, and secondly on the flowing together of the resulting blended organizations with their political social and cultural surroundings. This is nowhere better illustrated than in ChinaÕs Pearl River Delta where the long heritage of Hong Kong as a western trading outpost meets the longer heritage of China as a state-dominated society. In this book the co-evolution of the world's largest matrix of transport hubs is analysed in fine detail by another hybrid: that of world class exponents of both organization theory and the practical managing of complexity.Õ Ð Gordon Redding, INSEAD, France ÔThis fascinating, close range look at the co-evolution of a Chinese joint venture port operator and the dynamic political and economic environment in which it is embedded demonstrates yet again that in the right hands, theory and practice can and do inform and infuse each other. In the haystack of contemporary China books, this is a precious needle.Õ Ð Oded Shenkar, Ohio State University, US ÔThis work is an excellent example of a joint businessÐacademic collaboration on telling the story of how a major business evolved successfully with its environment Ð an environment in which most businesses have found it difficult to operate and most researchers have found it a challenge to explain. Through meticulous research, the research team explains with solid facts and strong theory how a business influenced its highly complex and ambiguous political environment through developing strategic relationships. This project is a model for conducting relevant research that the management field desperately needs. It is exemplary of engaged scholarship that merges the best of scholarship and practice. Both academics and executives will find this book a treasure of ideas.Õ Ð Anne Tsui, Arizona State University, US ÔThe Dynamics of Corporate Co-evolution provides an excellent exploration of co-evolution from the perspective of power relations within a hierarchical system. It is relevant not only to firms working within a political environment, but also useful for people working in think tanks and policy analysis. Its treatment of relationship management has universal implications.Õ Ð Huijiong Wang, The State Council, PRC Offering insights of unusual richness, this book examines one of the worldÕs most important business environments to determine the way that organizations can develop through interaction with their environments. It fills a gap in our understanding of the evolution of the Chinese business environment and throws light on the theory of co-evolution in order to inspire management practice. Written on the basis of a collaboration between a leading business manager and renowned university scholars, this groundbreaking book makes a significant contribution both to theory and practice of competitive strategy.
