From Followers to Market Leaders: Asian Electronics Firms in the Global Economy Henry Wai-chung Yeung Department of Geography, National University of Singapore, 1 Arts Link, Singapore 117570 (Tel: 65-6516 6810; Fax: 65-6777 3091; Email: HenryYeung@nus.edu.sg; Homepage: http://courses.nus.edu.sg/course/geoywc/henry.htm) Forthcoming in Asia Pacific Viewpoint, Vol.48(1), pp.1-30, 2007. Acknowledgement An earlier version of this paper was presented as the Asia Pacific Viewpoint Lecture at the International
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following convention: SA1---.doc For example, if you are firm A competing in industry 7 and your family name is Li, then the file name you will use to save this document will be: SA1-07-A-Li.doc Please complete the following information: StratSim Industry: Car StratSim Firm (A, B, C, D, E): Firm E Student Number: M00387183 Family Name: CHENG First Name: Xiabei SA1 Task 1: Market Attractiveness Select what your firm believes to be the top 3 markets in StratSim. How you
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separable activities. @ Pages and References: p142 a. T *b. F 3. Operating plans and capital expenditure budgets are the key mechanisms through which strategy drives resource allocation. @ Pages and References: pp146-147 *a. T b. F 4. Firm and markets represent the two primary modes of economic organization in the capitalist economy. @ Pages and References: pp148-149 *a. T b. F 5. By the main organizational innovation of the first two decades of the 20th century was the emergence
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developed by Michael Porter in his book The Competitive Advantage of Nations. In the mid-1980s, Professor Michael Porter of Harvard Business School developed the model to assess the competitiveness of regions, states and nations. It’s a model that attempts to explain the competitive advantage some nations or groups have due to certain factors available to them. Porter used a diamond shaped diagram to illustrate the determinants of national advantage. That’s why it is called the Porter’s diamond model
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for that company. As the marketing role within the firm simply depends on the organization. However, no matter what the firm marketers work in, all the decisions are affected by the operation for that firm. 2.) Marketing is about the functions and communications to deliver value to its customers. Marketing helps to manage customers relationships in which benefits the organization and its stakeholders, by bringing deliverance of value to the firm, and to everyone who may be affected by a transaction
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of Organizational and Human Resource Management Strategies on Performance by Raduan Che Rose, PhD, and Naresh Kumar, PhD T oday a firm’s success largely depends on the capabilities of its members. Firms may have the capital and technology, but it is Human Resources (HR) that will help firms face the challenges of business globalization. Capital can be generated. So can technology. But the HR required to propel an organization through the coming challenges must be rightly and appropriately encouraged
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are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms, which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies of scale occur when an entire industry benefits from expansion;
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to merge or form a joint venture How to avoid a hostile takeover Strategy implementation -- requires a firm to establish annual objectives, devise policies, motivate employees, and allocate resources so that formulated strategies can be executed, often called the action stage Some Opportunities and Threats Computer hacker problems are increasing Intense price competition is plaguing most firms Unemployment and underemployment rates remain high. Interest rates are rising Product life cycles are
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Characteristics of MNEs: • 1-common ownership linked affiliated firms • 2-common pool of resources • 3-common strategy for linking to gather the affiliates Internationalization process • • • • • License Export via agent Export through own sales representatives Local packaging and/ or assembly FDI • License: A contractual arrangement in which one firm (the licensor) provides access to some of its patents, trademarks, or technology to another firm in exchange for a fee or royalty. • KFC, Mcdonal • Licensor:
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are intended to provide basic direction for strategic action. They are seen as the basis for coordinated and sustained efforts directed towards achieving long-term business objectives. Corporate level strategies specify actions a firm takes to gain competitive advantage by selecting and managing a group of differentiated businesses competing in different product market. This lesson addresses the following issues: 1. What is the company’s overall direction? (Stability? Growth? Or retrenchment
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