Asia Pacific Business Assignment Solution
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Added on 2021-06-17
Asia Pacific Business Assignment Solution
Added on 2021-06-17
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Running head: ASIA PACIFIC BUSINESSAsia Pacific BusinessName of the Student:Name of the University:Author note:
ASIA PACIFIC BUSINESS 1Table of Contents1. Introduction............................................................................................................................22. Discussion..............................................................................................................................22.1 Japanese multinationals in electronic industry.................................................................22.2 Global strategy aims of Japanese multinationals.............................................................32.3 International Business strategic aims of Chinese and Korean multinationals.................42.4 The competitive advantages of these multinationals compared to those of rivals...........53. Conclusion..............................................................................................................................8References:...............................................................................................................................10
ASIA PACIFIC BUSINESS 21. IntroductionThis paper shall assess and evaluate the MNCs (Multinational corporations) fromdifferent countries and would made a comparison of the leading Asian Pacific economies.The main aim of this paper is to summarize the five firms belonging from the Asian PacificMultinationals. The chosen firms are Toyota and Hitachi Corporation from Japan, Samsungelectronics from Korea, TECO from Taiwan and Huawei Technologies from China. Thispaper shall assess these firms on the basis of four different aspects and they are corecapabilities, corporate organisation, role of government and strategy. 2. Discussion2.1 Japanese multinationals in electronic industryFrom decades, the Japanese electronics industry has remained the most innovate andrichest sector in the global electronic markets. Toyota Motor Corporation, an organization ofJapanese origin, was founded in the year 1937 (Miyakawa 2017). The function area of thecompany is manufacturing, assembling, sales of passenger cars, designing, minivans,commercial vehicles along with selling of accessories and all associated parts in NorthAmerica, Asia, Europe and Japan. They have promoted their primary goals of developingbetter cars than before by continuously developing their gifted workforce. In order to do so,substantial changes has been made by Toyota in the fiscal year of 2016 in its structure. Thishas facilitated in developing an organization that is more focused on products and not onfunctions. India is a very crucial market for Toyota. With the same, it is also regarded as themost trustworthy and safest brands on the market. There is no other automaker in the marketthat has reputation of durability like Toyota. With the same, it is also to note that the vehicleof Toyota costs very less to purchase, maintain and to buy. Furthermore, it has also continuedto grow in the complex and sophisticated of Europe as well. It has also delivered more than
ASIA PACIFIC BUSINESS 310 million cars to the customers in Germany. Similarly, Hitachi was founded in the year 1910by Namihei Odaira as a shop for machine repair at the company named Kuhara Mining whichwas located in the Hitachi City of Ibaraki Prefecture in Japan (Trappolini 2014). The missionof this firm is to create innovative technology which serves the needs of the customers anddifferentiates the technology of Hitachi- operating under a technology driven innovationmodel. They are operating under a vision driven model of innovation, pioneering the newbusinesses through undertaking the R&D so as to resolve the future societal issues. Hitachigroup, on the other hand, operates all-round the globe with its huge number subsidiaries andcompanies in several different business generating revenue of more than 10 million yen. Withthe same, the R&D, the IT department along with its front-end sales team are helping it inbringing in diverse expertise. Furthermore, this company make use of IoT and this has helpedit in integrating the manufacturing facilities and the IT industries resulting into theoptimisation of the value delivery system.2.2 Global strategy aims of Japanese multinationals Increasingly, the primary goal of the Japanese multinationals while developing globalstrategies is focusing on cooperation and competition in the Asia Pacific region. Due toincreasing incomes and continuous growth in this region, Japanese MNCs are focusing moreon the political and the business developments in Asian region. Due to the background ofhistorical differences and economic rivalry on how Japanese view investment and tradepolicies, there is a rise in tension (Sunley and Martin 2017). Through the period of post-war,the Japanese FBI in the Asian countries has not been able to gain prominence in the marketwhen market competition is considered (Hasegawa 2018). The year of 1970 saw the countriesin Asian Pacific region change their strategies of growing by focusing of export. This newstrategy forced the Japanese MCS began to invest aggressively on exports. With the same,this multinationals have also focused on the investments related to natural resources in
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