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Chinese brands: the build or buy considerations 中国品牌:建还是买都要考虑
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020008
M. Fetscherin, M. Sardy
This paper discusses the strategic motives, the markets entered, the methods used and the challenges faced by Chinese companies building their own brand or buying one to expand globally. We present a regression model enabling the analysis of recent Mergers and Acquisitions (M&A) activities and the successes and failures between the Chinese and foreign target companies. The developed model considers the strategic motives to globalise, the type of country and acquisition. By using the Monte Carlo resampling methods, we can draw conclusions about the probability of success of the outbound M&A success. Our results show that brand-motivated acquisitions are more likely to be completed than resource-based acquisitions both in developed and developing markets. Our research found that all branding related acquisitions are in developed countries. However, the numbers of resource based acquisitions were evenly split between developing and developed countries, where in the developed countries, they were more likely to fail than in the developing ones. Nationalistic sentiments seem to be heightened by these resource-based acquisitions and were much more common in developed countries than in developing ones. It also seems that Chinese companies build brand recognition in developed countries by buying readily established brand names and are more likely to build their own brand in developing countries.
本文讨论了中国企业建立或购买自主品牌进行全球扩张的战略动机、进入的市场、使用的方法以及面临的挑战。本文提出了一个回归模型,用于分析最近的并购活动以及中外目标公司之间的成功与失败。发达的模型考虑了全球化的战略动机、国家类型和收购。通过蒙特卡洛重采样方法,我们可以得出对外并购成功概率的结论。我们的研究结果表明,无论是在发达市场还是发展中市场,品牌驱动型收购都比资源驱动型收购更容易完成。我们的研究发现,所有与品牌相关的收购都发生在发达国家。但是,以资源为基础的收购数量在发展中国家和发达国家之间平均分配,而在发达国家,这些收购比在发展中国家更有可能失败。这些以资源为基础的收购似乎加剧了民族主义情绪,而且这种情绪在发达国家比在发展中国家更为普遍。此外,中国企业在发达国家建立品牌认知度的方式似乎是收购现成的知名品牌,而在发展中国家建立自己品牌的可能性更大。
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引用次数: 3
The US consumer perceptions of imported automobiles: the challenges for emerging market country manufacturers 美国消费者对进口汽车的看法:新兴市场国家制造商面临的挑战
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020009
Mark F. Toncar
In the next few years, automobiles manufactured in emerging market countries will begin to be sold in the USA. This research investigates US consumer reactions to a fictitious brand of automobile manufactured in either China or Brazil. Results suggest three important observations. First, trust is a major hurdle that both Brazilian and Chinese auto manufacturers must overcome to successfully target US consumers. Second, automobiles originating from Brazil and China are viewed quite differently, and the Brazilian automobile was generally viewed more favorably. And third, the Chinese automobile was considered very similar to the US brand in the study, suggesting that Chinese manufacturers may have a comparatively easier time exporting automobiles to the USA.
在接下来的几年里,在新兴市场国家生产的汽车将开始在美国销售。本研究调查了美国消费者对中国或巴西制造的虚构品牌汽车的反应。结果提出了三个重要的观察结果。首先,信任是巴西和中国汽车制造商要成功瞄准美国消费者必须克服的一大障碍。其次,人们对巴西和中国产汽车的看法大不相同,巴西产汽车通常更受欢迎。第三,在研究中,中国汽车被认为与美国品牌非常相似,这表明中国制造商向美国出口汽车可能相对容易一些。
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引用次数: 6
Market performance and the corporate governance structure: the implications for China 市场绩效与公司治理结构:对中国的启示
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020007
E. Lusk, Wei Yang, M. Halperin
We empirically identify the relationship between the market performance of firms categorised using both the Kinder, Lydenberg and Domini (KLD) corporate responsibility scale as well as the Gompers, Ishii, and Metrick Corporate Governance (GIM CG) scale for a sample of US-listed firms. Compared to other styles of corporate governance, the autocratic style leads to higher market performance, but is associated with a lower level of Corporate Social Responsibility (CSR). We then discuss how China can learn from such a result while building its own governance structure. Finally, as there is no formal measure of CSR at this time in China, we conjecture about the market reaction to Chinese firms' CSR initiatives.
我们对美国上市公司样本使用Kinder, Lydenberg和Domini (KLD)企业责任量表以及Gompers, Ishii和Metrick公司治理(GIM CG)量表进行分类,实证地确定了公司市场绩效之间的关系。与其他风格的公司治理相比,专制风格导致更高的市场绩效,但与较低的企业社会责任(CSR)水平相关。然后,我们将讨论中国如何从这样的结果中学习,同时建立自己的治理结构。最后,由于目前中国还没有正式的企业社会责任衡量标准,我们对市场对中国企业社会责任举措的反应进行了推测。
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引用次数: 1
A Chinese multinational corporation's manufacturing internationalisation process 一个中国跨国公司制造业国际化的过程
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020011
Kaimei Wang
This paper puts forward a three-dimensional conceptual framework to map out a firm's manufacturing internationalisation, which is a process to optimise the firm's global manufacturing resources. The framework can also be used to assist late movers in developing their manufacturing internationalisation process. A Chinese multinational company's manufacturing internationalisation is discussed in detail.
本文提出了一个三维的概念框架来描绘企业制造国际化,这是一个优化企业全球制造资源的过程。该框架还可用于帮助后发企业发展其制造业国际化进程。对中国一家跨国公司的制造业国际化进行了详细的探讨。
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引用次数: 0
Geely motors: a Chinese automaker enters international markets 吉利汽车:中国汽车制造商走向国际市场
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020012
I. Alon, M. Fetscherin, M. Sardy
On 22 January 2006, Shufu Li, the Director of International Marketing for Geely Motors, was rushing to the check-in counter at the Detroit Metropolitan Airport in order to travel back to Shanghai, China. He had just come from the Detroit International Auto Show where his company had presented its new car models. Geely (pronounced 'Gee-Lee') had been selling cars in China since 1997. In 2004, they had begun exporting cars to North Africa and Latin America. Geely had now set their sights on the USA, the largest automobile market in the world. Geely's management was planning to sell cars in the US market for under US$10,000 by late 2008. The International Auto Show in Detroit was crucial in order to get feedback from and establish relationships with potential business partners, customers and the press. While he was boarding the plane, Mr. Li began to reflect on Geely's transition from a regional manufacturer focused on the domestic Chinese market to an international player. Would the last few years of their marketing effort turn Geely into a global player in the auto market? Would US consumers warm to the cars Geely had shown at the auto show? How could Geely overcome the lack of brand name and the negative country-of-origin quality image that Chinese manufacturers have?
2006年1月22日,吉利汽车国际营销总监李书福急着去底特律大都会机场办理登机手续,准备返回中国上海。他刚从底特律国际车展回来,他的公司在那里展示了新车型。吉利自1997年以来一直在中国销售汽车。2004年,他们开始向北非和拉丁美洲出口汽车。吉利现在把目光投向了美国这个世界上最大的汽车市场。吉利管理层计划到2008年底在美国市场销售低于1万美元的汽车。为了从潜在的商业伙伴、客户和媒体那里获得反馈并建立关系,底特律国际车展至关重要。在登上飞机时,李书福开始反思吉利从一家专注于中国国内市场的地区性制造商向一家国际制造商的转型。他们最后几年的营销努力会使吉利成为汽车市场的全球参与者吗?美国消费者会喜欢吉利在车展上展示的汽车吗?吉利如何克服中国制造商缺乏品牌和负面的原产国质量形象?
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引用次数: 12
The collapse of the work enterprise system and the expansion of moral involvement in urban China 劳动企业制度的崩溃与中国城市道德介入的扩大
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020004
William R. Jankowiak
Adam Smith first suggested there is a strong link between the development of a nationalistic-oriented government, the rise of a capitalistic economy, and the expansion of an empathic gaze toward another's plight. From this, it follows that once someone becomes aware of misfortune or an injustice, an ethical imperative will arise to do something to alleviate the suffering of others. From this it follows that the more fully integrated a community, the greater its interdependence within the global economy. Communities that are less linked to a national or global economy should have a weakly internalised set of social values such as justice and altruism. To date, there is no study designed to probe this hypothesis. China presents an opportune moment to revisit this discussion. In this paper, I will examine the transformation of the Chinese moral universe as it is reflected primarily in their changing evaluation of the role of the lawyer in Chinese society. In addition, cultural attitudes and patterns of charity donation will also be discussed.
亚当·斯密首先提出,在以民族主义为导向的政府的发展、资本主义经济的兴起和对他人困境的同情目光的扩大之间存在着密切的联系。由此可见,一旦某人意识到不幸或不公正,就会产生一种道德上的责任,去做一些事情来减轻他人的痛苦。由此可见,一个社会越是充分一体化,它在全球经济中的相互依存就越大。与国家或全球经济联系较少的社区应该有一套较弱的内化社会价值观,如正义和利他主义。到目前为止,还没有专门的研究来探究这一假设。中国提供了一个重新讨论这一问题的好时机。在本文中,我将研究中国道德世界的转变,因为它主要反映在他们对中国社会中律师角色的不断变化的评价上。此外,还将讨论慈善捐赠的文化态度和模式。
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引用次数: 2
An institutional and organisational learning perspective on the content of strategic formation choices of international joint ventures in China 国际合资企业在华战略形成选择内容的制度与组织学习视角
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020005
Monica Yang
This paper examines how the content of strategic formation choices of International Joint Ventures (IJVs) converges or diverges over time. Strategic formation choices include partner selection (e.g., the number of partners, the status of local partners, the product relatedness between IJVs and its partners and the product relatedness among partners) and ownership structure (e.g., the ownership ratio between foreign and local partners). Hypotheses are tested in a sample of 4787 IJVs established in China from 1985 to 2001. The results show that the degree of conformity of strategic formation choices increases over time. The past experiences of joint ventures in China had a significant curvilinear relationship with the degree of conformity. This paper discusses the implications for theory and research on IJV formation and the institutional process.
本文考察了国际合资企业战略形成选择的内容是如何随时间趋同或发散的。战略形成选择包括合作伙伴选择(如合作伙伴的数量、本地合作伙伴的地位、合资企业与其合作伙伴之间的产品相关性以及合作伙伴之间的产品相关性)和所有权结构(如外国和本地合作伙伴之间的所有权比例)。在1985年至2001年在中国建立的4787家合资企业样本中检验了假设。结果表明,战略编队选择的整合程度随时间的推移而增加。中国合资企业过去的经验与整合程度呈显著的曲线关系。本文讨论了合资企业形成和制度过程对理论和研究的启示。
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引用次数: 0
Understanding the growth models of Chinese multinational corporations 了解中国跨国公司的成长模式
Pub Date : 2008-08-21 DOI: 10.1504/IJCCM.2008.020010
Y. Du, Rongping Kang, Yinbin Ke
For the purpose of this paper, Chinese Multinational Corporations (MNCs) are defined as nonfinancial local corporations initially established in mainland China which have since gone abroad and are developing overseas. This paper makes pertinent points about the flaws in the dominant thinking and existing literature regarding MNCs and then proposes 'emerging globalisation MNC theories' as our new theoretical viewpoints for the development of MNC theories in the era of globalisation. The main methodology applied in this paper is case studies. A total of 16 corporations in eight industrial sectors were surveyed as target cases. Each case company's initial overseas investment is defined. By using Foreign Direct Investment (FDI), internationalisation and MNC theories, a primary summary of the growth models of the Chinese MNCs is presented based on these case studies, the characteristics of the Chinese MNCs are classified and finally, a two-stage model of the Chinese MNCs' internationalisation is proposed, which has laid the foundation for revising some of the MNC theories.
本文将中国跨国公司(mnc)定义为最初在中国大陆成立,后来走向海外并在海外发展的非金融本地公司。本文对跨国公司主流思想和现有文献中的缺陷进行了针对性的分析,并提出了“新兴全球化跨国公司理论”作为我们在全球化时代发展跨国公司理论的新理论视角。本文采用的主要方法是案例研究。调查对象是8个产业领域的16家企业。定义每个案例中公司的初始海外投资。本文运用外商直接投资(FDI)、国际化和跨国公司理论对中国跨国公司的成长模式进行了初步总结,并在此基础上对中国跨国公司的特征进行了分类,最后提出了中国跨国公司国际化的两阶段模型,为修正一些跨国公司理论奠定了基础。
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引用次数: 7
Exploring guanxi and cultural barriers: a perspective from the Taiwanese SMS investors in China 探讨关系与文化障碍:来自台湾在华短信投资者的视角
Pub Date : 2008-07-18 DOI: 10.1504/IJCCM.2008.019592
Hong-Chi Shiau, J. Fang, Huei-Wen Angela Lo
Earlier endeavours engaging intercultural comparisons have incorporated 'guanxi' (simplified Chinese), a term denoting the basic dynamic in personalised networks of influence, into their analyses on Chinese economic and political behaviours. The notion of guanxi, along with manzi (face), has been well documented in intercultural comparisons between China and the West. A myriad of studies have theorised the concept to examine the aspects of interpersonal relationships in the Chinese context. However, despite the obvious divide between China, Hong Kong and Taiwan, the cultural heterogeneity within the Chinese region has been seldom explored, in part due to a commonsensical unity of Chinese culture. Drawing upon several failure cases, this research examines some nuanced cultural differences and their ramifications within a large Chinese region. We pay attention to how the notion of guanxi has been restructured since 1949, the year Taiwan and China were separated. Over decades, while mainland China went through the upheaval of the Chinese Cultural Revolution (CR) and became increasingly liberalised in the late 1980s, the ruling authorities of Taiwan followed Confucianism to claim its legitimacy over Chinese culture and democratised rapidly. Through ethnographic interviews with the Taiwanese Small- and Middle-sized Business (SMS) who failed and withdrew, this study examines how some widely ignored cultural barriers may prevent the Taiwanese investors from thriving.
早期从事跨文化比较的工作已经将“关系”(简体中文)纳入他们对中国经济和政治行为的分析中,这是一个表示个性化影响网络基本动态的术语。“关系”和“面子”的概念在中西方的跨文化比较中得到了充分的证明。无数的研究将这一概念理论化,以检验中国背景下人际关系的各个方面。然而,尽管中国大陆、香港和台湾之间存在明显的分歧,但中国地区的文化异质性却很少被探讨,部分原因是中国文化的常识性统一。通过几个失败案例,本研究考察了中国大地区的一些细微的文化差异及其后果。我们关注的是,自1949年台湾和中国大陆分离以来,“关系”这个概念是如何被重构的。几十年来,当中国大陆经历了中国文化大革命(CR)的动荡,并在20世纪80年代末变得越来越自由化时,台湾的统治当局遵循儒家思想,声称其对中国文化的合法性,并迅速民主化。本研究透过对台湾中小企业(SMS)的民族志访谈,探讨一些被广泛忽视的文化障碍如何阻碍台湾投资者的发展。
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引用次数: 0
Managing technology transfer in multinational corporations 管理跨国公司的技术转让
Pub Date : 2008-07-18 DOI: 10.1504/IJCCM.2008.019589
Wen-Hsiang Lai, P. Chao
The capabilities for Technology Transfer (TT) within organisations are the key elements of competition in the era of innovation. TT is considered to be a profitable activity for both technology transferor and receiver. From the early 1990s, facing the rapid growth of global competition, US Multinational Corporations (MNCs) have been actively searching for opportunities of product outsourcing and technology transferring to Asian countries, particularly to the Greater China Region. However, MNCs in the USA are confronted with a challenge – the impact of cross-cultural issues in TT. This study examines the impact of cross-cultural issues on managing TT from the USA to the Greater China Region and presents a validated model for those project managers who manage projects of TT in MNCs.
组织内部的技术转移(TT)能力是创新时代竞争的关键要素。技术转让被认为对技术转让方和接受方都是有利可图的活动。从20世纪90年代初开始,面对全球竞争的快速增长,美国跨国公司(MNCs)一直在积极寻找向亚洲国家特别是大中华地区进行产品外包和技术转移的机会。然而,在美国的跨国公司正面临着一个挑战——跨文化问题在传播中的影响。本研究考察了跨文化问题对从美国到大中华地区管理技术测试的影响,并为跨国公司管理技术测试项目的项目经理提供了一个经过验证的模型。
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引用次数: 1
期刊
International journal of Chinese culture and management
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