2MBA ASSIGNMENTIntroduction: The report aims at providing an insight into the strategies adopted by emerging Asianfirms for catching up with advanced economies that ultimately helps it in becoming dragoninternationals. The ascent of the East Asia as industrial power built on skillful adaptation andlearning of the advanced technologies in combination of relentless focus of penetration into thewestern market did hold the world in admiration during the period 1980s to 1990s. Although thefinancial crisis held the expansionism of Asia on the hold but it seemed to have set a path for theleaner Asian Firm in manufacturing sector like steel, service sector like trading and hoteloperation and sectors having higher technology like flat panel display and semiconductors. Thefirms were outsiders and latecomers but have been able to become global giants with theappropriate set of strategies. Strategies Adopted by Emerging Asian Firms for Catching With Advanced Economies: According to the views put forward by Mathews (2006), the new comers observe theworld to be full of the competitors who will be trying to emulate success. The latecomers and thenewcomers viewed the world as full of resources to be tapped easily provided there existedappropriate devising of the organizational forms along complementary and appropriatestrategies. In other words, they were viewed by the emerging firms based on conversecharacteristics that include non- transferability and inimitability. On the other hand, these firmswill possess different perspectives by looking for the ways of accessing the required resources byforming a linkage with the source firms abroad and thereby accept internationalizing for having

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Strategy Adopted by Emerging Asian Firms for Catching With Advanced Economies: 2 Strategy Adopted by CEO of a Firm to Turn It into “Dragon International”

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