Dragon Multinationals: New Players in 21st-Century Globalization
Added on 2023-05-28
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Running head: DRAGON MULTINATIONALS
Dragon Multinationals: New Players in 21st-Century Globalization
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Dragon Multinationals: New Players in 21st-Century Globalization
Name of the student:
Name of the university:
Author note:
1DRAGON MULTINATIONALS
Abstract
This report is about discussing the impact of globalization on the global business. The main
theme of this report is an understanding of dragon multinationals, which are the new players in
the globalization. However, it broadly discusses the challenges, and opportunities as a whole for
multinational corporations.
Abstract
This report is about discussing the impact of globalization on the global business. The main
theme of this report is an understanding of dragon multinationals, which are the new players in
the globalization. However, it broadly discusses the challenges, and opportunities as a whole for
multinational corporations.
2DRAGON MULTINATIONALS
Table of Contents
1. Introduction..................................................................................................................................3
1. A Key words............................................................................................................................4
1. B Purpose.................................................................................................................................6
1. C Objectives.............................................................................................................................7
1. D Roadmap..............................................................................................................................8
2. Body.............................................................................................................................................9
2.1 Problem..................................................................................................................................9
3. Literature review........................................................................................................................11
4. Framework for the solution.......................................................................................................24
Recommended Frameworks as Solutions..................................................................................25
Conclusion.....................................................................................................................................27
References......................................................................................................................................29
Table of Contents
1. Introduction..................................................................................................................................3
1. A Key words............................................................................................................................4
1. B Purpose.................................................................................................................................6
1. C Objectives.............................................................................................................................7
1. D Roadmap..............................................................................................................................8
2. Body.............................................................................................................................................9
2.1 Problem..................................................................................................................................9
3. Literature review........................................................................................................................11
4. Framework for the solution.......................................................................................................24
Recommended Frameworks as Solutions..................................................................................25
Conclusion.....................................................................................................................................27
References......................................................................................................................................29
3DRAGON MULTINATIONALS
1. Introduction
Globalization can be categorized as old globalization and new globalization. The old
globalization has witnessed the emergence of China into the world's factory. However, scenes
have changed again with the next phase of globalization has arrived. The major reason behind
this fact is the growing emergence of new technologies and the emergence of new MNEs.
Emerging nations have become the new hub for a business relationship. MNEs are heading
towards emerging countries because of many reasons. Emerging nations are being targeted for it
offers cheap labor and raw material costs. As per a forecast made by McKinsey Global Institute,
a close to 45% of billion dollar plus companies will have their base in emerging countries (Yale
Insights 2018). By the end of the decade, more than half of the total world population will have
access to the internet (Yale Insights 2018).
The above section gives an introduction to what a few of changes are taking place in a
globalized business environment. Due to the emergence of globalization, there are large-scale
innovations taking place in the market. However, it has to be noticed that the benefits of
globalization are not being used by all the industries in the same way. There are some industries
that have already been able to internationalize themselves like the Uber. They have been able to
utilize the effects of the globalization in the best way possible (Velthuis & Curioni, 2015). They
have been able to enter into the Global market in a very apt way.
They have been able to develop and maintain the correct form of technology in order to
make sure that they get a good hold over the world market. They have able to enter about 80
countries within the span of just six years. The companies from the Asia Pacific regions have
been able to utilize the impacts of globalization in such a positive manner mainly because of the
fact that they have the exact amount of expertise that is needed for the purpose of flourishing in
1. Introduction
Globalization can be categorized as old globalization and new globalization. The old
globalization has witnessed the emergence of China into the world's factory. However, scenes
have changed again with the next phase of globalization has arrived. The major reason behind
this fact is the growing emergence of new technologies and the emergence of new MNEs.
Emerging nations have become the new hub for a business relationship. MNEs are heading
towards emerging countries because of many reasons. Emerging nations are being targeted for it
offers cheap labor and raw material costs. As per a forecast made by McKinsey Global Institute,
a close to 45% of billion dollar plus companies will have their base in emerging countries (Yale
Insights 2018). By the end of the decade, more than half of the total world population will have
access to the internet (Yale Insights 2018).
The above section gives an introduction to what a few of changes are taking place in a
globalized business environment. Due to the emergence of globalization, there are large-scale
innovations taking place in the market. However, it has to be noticed that the benefits of
globalization are not being used by all the industries in the same way. There are some industries
that have already been able to internationalize themselves like the Uber. They have been able to
utilize the effects of the globalization in the best way possible (Velthuis & Curioni, 2015). They
have been able to enter into the Global market in a very apt way.
They have been able to develop and maintain the correct form of technology in order to
make sure that they get a good hold over the world market. They have able to enter about 80
countries within the span of just six years. The companies from the Asia Pacific regions have
been able to utilize the impacts of globalization in such a positive manner mainly because of the
fact that they have the exact amount of expertise that is needed for the purpose of flourishing in
4DRAGON MULTINATIONALS
the Global market. However, there are some problems that are arising in the Global market as
well. The companies that already exist like the incumbents might face a challenge as they are
still sticking to the old models of globalization. This assignment has mainly dealt with the
analysis of the different impacts of Globalization.
1. A Key words
Globalization, can be defined as a process that creates opportunity to people, companies,
and government to interact, and integrate with that of the others. It is a process that is being
facilitated and driven by foreign direct investment (FDI), information technology, and
international trade. It has an influence on the environment, the culture, the economic
development, and the political systems (Globalization101, 2018).
Dragon Multinationals, these are the organizations that have contributed to a change in
the global business. It now appears as if these companies have understood globalization better
than the existing multinational corporations (Mathews, 2006). These firms have emerged to be
one of the preferred choices for customers, suppliers, and investors. Customers, for example,
have found “Acer’s Laptops” as a good buy within their budget. It is to be noted that Acer gives
tough competition to many biggies in terms of laptops’ selling. These biggies include but not
limited to like Samsung, Sony, and Compaq etc. (TechRadar, 2018)
Accelerated Internationalization, can be considered to be related with latecomers or
newcomers. These latecomers have reached to the global platform in time less than what is being
consumed by many established and reputed MNEs to do so. However, in other way, newcomers
do not follow an incremental internationalization. Indeed, Triad MNEs and Incumbent MNEs do
follow this. Triad MNEs, and Incumbent MNEs actually follow a sequential process such as
the Global market. However, there are some problems that are arising in the Global market as
well. The companies that already exist like the incumbents might face a challenge as they are
still sticking to the old models of globalization. This assignment has mainly dealt with the
analysis of the different impacts of Globalization.
1. A Key words
Globalization, can be defined as a process that creates opportunity to people, companies,
and government to interact, and integrate with that of the others. It is a process that is being
facilitated and driven by foreign direct investment (FDI), information technology, and
international trade. It has an influence on the environment, the culture, the economic
development, and the political systems (Globalization101, 2018).
Dragon Multinationals, these are the organizations that have contributed to a change in
the global business. It now appears as if these companies have understood globalization better
than the existing multinational corporations (Mathews, 2006). These firms have emerged to be
one of the preferred choices for customers, suppliers, and investors. Customers, for example,
have found “Acer’s Laptops” as a good buy within their budget. It is to be noted that Acer gives
tough competition to many biggies in terms of laptops’ selling. These biggies include but not
limited to like Samsung, Sony, and Compaq etc. (TechRadar, 2018)
Accelerated Internationalization, can be considered to be related with latecomers or
newcomers. These latecomers have reached to the global platform in time less than what is being
consumed by many established and reputed MNEs to do so. However, in other way, newcomers
do not follow an incremental internationalization. Indeed, Triad MNEs and Incumbent MNEs do
follow this. Triad MNEs, and Incumbent MNEs actually follow a sequential process such as
5DRAGON MULTINATIONALS
adding one after another global market to its domestic business (Benson-Rea et al., 2016).
However, Dragon Multinationals have been different in this regard. They are intended to pick up
what is required to become a global company. Each move can be seen as adding another feather
in the wing of international expansion.
Organizational Innovation, can be seen as a common thread between several latecomers
and newcomers. These organizations have shown that they wish to operate at the global platform
from very beginning of their business. It can be seen in largely unconventional worldwide
cellular clusters. This can also be viewed in integrated global operations such as Ispat. In all
these cases, these firms began with a global outlook. They constantly relied on innovation to get
established and deliver the business of international level. For example, Acer did strive to
promote and facilitate the company as a semi-autonomous businesses. By doing this, the
company was able to create a global cluster where there will be limited issues concerning a
coordination with subsidiary branches (Globalbrandsmagazine, 2018). It is to be noted that
communication with subsidiary branches has by and large remained an issue with multinational
companies. With this, Acer was able to implement a common set of rules and regulations
following which decisions were made at each headquarter branches with little or less complexity.
Acer did not just use this strategy to provide it a symbolic point of reference but also as a
marketing stunt.
Strategic Innovation, was another essential key that helped latecomers to earn a
recognition in the crowd of established biggies. These and many others had needed to explore
their capabilities in innovation to be able to gain a spot among reputed organizations. They had
done it so. They could do it by offering contract services, forming strategic alliances and joint
ventures, and licensing new technologies (Ghezzi et al., 2015). It was more because of these
adding one after another global market to its domestic business (Benson-Rea et al., 2016).
However, Dragon Multinationals have been different in this regard. They are intended to pick up
what is required to become a global company. Each move can be seen as adding another feather
in the wing of international expansion.
Organizational Innovation, can be seen as a common thread between several latecomers
and newcomers. These organizations have shown that they wish to operate at the global platform
from very beginning of their business. It can be seen in largely unconventional worldwide
cellular clusters. This can also be viewed in integrated global operations such as Ispat. In all
these cases, these firms began with a global outlook. They constantly relied on innovation to get
established and deliver the business of international level. For example, Acer did strive to
promote and facilitate the company as a semi-autonomous businesses. By doing this, the
company was able to create a global cluster where there will be limited issues concerning a
coordination with subsidiary branches (Globalbrandsmagazine, 2018). It is to be noted that
communication with subsidiary branches has by and large remained an issue with multinational
companies. With this, Acer was able to implement a common set of rules and regulations
following which decisions were made at each headquarter branches with little or less complexity.
Acer did not just use this strategy to provide it a symbolic point of reference but also as a
marketing stunt.
Strategic Innovation, was another essential key that helped latecomers to earn a
recognition in the crowd of established biggies. These and many others had needed to explore
their capabilities in innovation to be able to gain a spot among reputed organizations. They had
done it so. They could do it by offering contract services, forming strategic alliances and joint
ventures, and licensing new technologies (Ghezzi et al., 2015). It was more because of these
6DRAGON MULTINATIONALS
complementary services that newcomers were able to create their own identity and soon became
one of the leading names in their respective industry. This can be said that to be so
internationally placed in a globalized world is a unique advantage.
1. B Purpose
The purpose of this paper is mainly to analyze how the newly arising companies were
able to develop themselves as one of the leading companies of the Global market. The term
Dragon Multinationals (Mathews, 2017).” is mainly used to refer to the group of companies that
have risen from the Asia Pacific region. The companies like the Acer, Ispat, Li& Fung and others
(Baylis, Smith & Owens, 2017). These companies belong from the Asia Pacific regions have
been able to find their places within the huge competition as they have a brilliant strategy and
technological setup. Thus, one of the basic purposes of this assignment was to see how these
companies from the Asia Pacific regions are being able to prosper on the long run in this age of
Globalization (Giddens, 2018). In other words, the purpose is to assess if the globalization model
or the strategies used by the Dragon Multinationals is correct or not. Thus, it can be said that the
purpose is to find out the effects of Globalization on the overall economy and also on the
individual organizations. The only way in which the companies can survive the effects of
globalization are equipping themselves with knowledge and skills. The purpose of the paper was
to see how the companies at the periphery have a high tendency of moving into the center. None
of the organizations are staying back and are trying their level best to acquire the technology.
The other purpose of this paper was also to see the impending risks that the companies at the
center might face from the newcomers or the latecomers. These new and evolving firms made
constantly upgrading themselves and moving into the center, thus there is a huge chance of
competition arising in the market.
complementary services that newcomers were able to create their own identity and soon became
one of the leading names in their respective industry. This can be said that to be so
internationally placed in a globalized world is a unique advantage.
1. B Purpose
The purpose of this paper is mainly to analyze how the newly arising companies were
able to develop themselves as one of the leading companies of the Global market. The term
Dragon Multinationals (Mathews, 2017).” is mainly used to refer to the group of companies that
have risen from the Asia Pacific region. The companies like the Acer, Ispat, Li& Fung and others
(Baylis, Smith & Owens, 2017). These companies belong from the Asia Pacific regions have
been able to find their places within the huge competition as they have a brilliant strategy and
technological setup. Thus, one of the basic purposes of this assignment was to see how these
companies from the Asia Pacific regions are being able to prosper on the long run in this age of
Globalization (Giddens, 2018). In other words, the purpose is to assess if the globalization model
or the strategies used by the Dragon Multinationals is correct or not. Thus, it can be said that the
purpose is to find out the effects of Globalization on the overall economy and also on the
individual organizations. The only way in which the companies can survive the effects of
globalization are equipping themselves with knowledge and skills. The purpose of the paper was
to see how the companies at the periphery have a high tendency of moving into the center. None
of the organizations are staying back and are trying their level best to acquire the technology.
The other purpose of this paper was also to see the impending risks that the companies at the
center might face from the newcomers or the latecomers. These new and evolving firms made
constantly upgrading themselves and moving into the center, thus there is a huge chance of
competition arising in the market.
7DRAGON MULTINATIONALS
The other purpose of the paper is to see the impending risks that the companies might
face due to the arrival of the Globalization. This is because the companies that already exist in
the market particularly termed as incumbents might find it tough for to develop themselves. They
are likely to face a very tough competition from the latecomers or the new firms in the market.
There is a rising pressure from the boundaries or the peripheries because of the Globalization.
Due to the upcoming trends in the global or the International market, the firms from the
periphery have a high tendency of moving into the center. This is likely to have some impacts on
the economy and the individual companies as well. On one hand, this might have a positive
impact on the company as a whole. This is because they will be able to generate a good source of
income for some of the people who are engaged in the sectors like the steel production, contract
manufacturing, hotels, financial services and others (Donati, 2017). The positive impacts of the
Global economy can be seen from the fact that the later and the newcomer's firms have been able
to utilize the new and innovative strategic and organizational innovations.
On the other hand, there is the chance of some negative impacts on the economy as well.
The resources of the economy are being consumed at a very rapid rate. For an instance, China
was suffering from the increased use of coal and this was an alarming fact. Due to the increasing
amount of Globalization, the companies are using up more amount of resources. This, in turn,
can create a huge stress on the production of the individual company and the economy as a
whole.
1. C Objectives
To identify opportunities in particular the challenges for the global business in the 21st
century
To identify the possible shift in globalization in the 21st century
The other purpose of the paper is to see the impending risks that the companies might
face due to the arrival of the Globalization. This is because the companies that already exist in
the market particularly termed as incumbents might find it tough for to develop themselves. They
are likely to face a very tough competition from the latecomers or the new firms in the market.
There is a rising pressure from the boundaries or the peripheries because of the Globalization.
Due to the upcoming trends in the global or the International market, the firms from the
periphery have a high tendency of moving into the center. This is likely to have some impacts on
the economy and the individual companies as well. On one hand, this might have a positive
impact on the company as a whole. This is because they will be able to generate a good source of
income for some of the people who are engaged in the sectors like the steel production, contract
manufacturing, hotels, financial services and others (Donati, 2017). The positive impacts of the
Global economy can be seen from the fact that the later and the newcomer's firms have been able
to utilize the new and innovative strategic and organizational innovations.
On the other hand, there is the chance of some negative impacts on the economy as well.
The resources of the economy are being consumed at a very rapid rate. For an instance, China
was suffering from the increased use of coal and this was an alarming fact. Due to the increasing
amount of Globalization, the companies are using up more amount of resources. This, in turn,
can create a huge stress on the production of the individual company and the economy as a
whole.
1. C Objectives
To identify opportunities in particular the challenges for the global business in the 21st
century
To identify the possible shift in globalization in the 21st century
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