Small firms in global competition:
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | Undetermined |
| Veröffentlicht: |
New York u.a.
Oxford Univ. Press
1994
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIV, 142 S. |
| ISBN: | 019507825X |
Internformat
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| 245 | 1 | 0 | |a Small firms in global competition |c ed. by Tamir Agmon ... |
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Contributors, xv
1. Comparative Advantage and Competitive Advantage: An
Introduction, 1
Tamir Agmon and Richard Drobnick
Part I Globalization: Should You Do It?
2. How Small Firms Can Achieve Competitive Advantage in an
Interdependent World, 9
Yair Aharoni
What are the principal conditions necessary for successful global op¬
erations of small firms? First, identify a product and a market in a
non global industry, one in which more than a small number of giant
firms can operate, and one that does not require economies of scale.
Then, dominate a niche. This chapter includes several examples of
successful global strategies of small and medium sized firms in differ¬
ent industries and analyzes the necessary entry strategies.
Part II Changing Your Mind Set,
Changing Your Strategy
3. What It Takes to Become a Globally Oriented Corporation, 21
Christine R. Hekman
A useful way to start thinking of strategic change is to divide the
business environment into local markets and global markets and to
analyze the differences between the two. For example, in global mar
xii Contents
kets, the importance of customer relationships may be weaker, the
production process may be simpler, and the competition more in¬
tense. This analysis forms a base for rethinking and restructuring the
relationship between the corporate strategy and the environment.
4. Understanding Internationalization: Sense Making Processes in
Multinational Corporations, 27
Paula J. Caproni, Stefanie Ann Lenway, and Thomas P. Murtha
Organizations are systems of shared meaning. One aspect of this is
the way businesses make sense of their environment. And a mind set
that is international—rather than domestic, or national with foreign
branches—may provide a distinct competitive advantage.
Part III The Environment of Global Markets
5. The Accessibility of International Financial Markets, 39
Mark Weinstein
The international integration of capital markets has progressed to the
point where every investor is an international investor, and every
issuer is an international issuer. A firm that needs to raise money
today must not only make the old choice between debt and equity,
but new choices among dollars, Eurodollars, yen, and pounds ster¬
ling. Because of increasing globalization, assessing the risk of an in¬
vestment on a domestic basis is no longer sufficient: world pricing is
with us, from stocks to soybeans.
6. Accounting Aspects of Globalizing American Firms, 46
Dan Elnathan and Jerry L. Arnold
All too often, firms that have made the strategic decision to go inter¬
national neglect to investigate the accounting standards and practices
that they will have to follow in the new environment. The economic,
educational, legal, political, and socio cultural characteristics of a
country all have an impact on the way transactions are recorded and
reported there. The authors think it unlikely that an international
accounting standard will emerge in the near future and offer some
suggestions for comparative analysis of accounting systems that might
prove useful in the meantime.
7. United States Trade Laws as Barriers to Globalization, 62
Alan M. Rugman and Michael V. Gestrin
In order to move from a domestic market to a global market, a corpo¬
ration needs to develop firm specific advantages, either cost reducing
or differentiation enhancing, that give it a competitive edge. Ameri¬
can companies, however, have lobbied for protectionist trade laws
that hurt long term globalization strategies in two ways: first, by di
Contents xiii
verting funds that could be used more productively in research and
development, and second, by artificially sheltering the firms from
their very real international competition.
8. Negotiating the Initial Phases of Cross Cultural Alliances, 70
Kathleen K. Reardon and Robert Spekman
An alliance with another company eases somewhat the need for a
firm to do all things well in two different cultures, particularly if the
new relationship is skillfully managed from the initial handshake
onward. This chapter discusses, with specific case examples, the prob¬
lems of establishing trust, rapport, and mutually agreed upon expec¬
tations across cultural barriers, ending with guidelines for developing
a negotiation strategy.
Part IV Practical Applications
9. The Transfer of Production Planning and Control Systems from
Plants in the United States to Other Parts of the World, 85
Gerhard Plenert
The choice of a planning and control system for a factory depends on
what resource you want to use most efficiently (in the United States it
is usually labor, in Japan it is usually materials) and what the primary
corporate goals are (only in the United States, Canada, and Europe
are they likely to be financial). So the world model for manufactur¬
ing is not a model with a single perfect answer, but one that looks
specifically at a particular factory in terms of its resource focus and its
goals, which must be harmonious with those of the employees, the
government, and the culture.
10. Buyer Supplier Coordination in the United States and Japanese
Automobile Industries, 91
Ben M. Bensaou
If communicating between companies within one culture can some¬
times be difficult, managing new relationships across national bound¬
aries requires a quantum leap. The author suggests that the coordina¬
tion problems are reduced as the conditions that produce uncertainty
(the conditions of partnership, task, and environment) are eased. He
illustrates his point with a study of the changing buyer supplier rela¬
tionships in the U.S. and Japanese automotive industries.
11. Strategic Human Resource Management in Mexican Maquiladoras:
The Competitive Edge, 102
Mary B. Teagarden, Mark C. Butler, and Mary Ann Von Glinow
To seek a competitive edge, firms in industrialized countries fre¬
quently look offshore for a way to reduce labor and other factor costs.
xiv Contents
Many American firms have been looking to Mexico, an alternative
that the authors clearly see as a good bargain. They examine the
pluses and minuses of a maquiladora plant, and then offer some
thoughtful management advice for the corporate executives who find
themselves bridging cultures.
12. Small and Midsize Enterprises in the United States and East
Central Europe: Common Challenges in the 1990s, 115
Catherine L. Mann
Privatization of industry in Eastern Europe has created an over¬
whelming need for capital to support new small and midsize firms.
These are the businesses that lead innovation and productivity in any
type of economy, and countries such as Hungary are offering liberal
policies and attractive tax holidays to encourage foreign direct invest¬
ment and joint ventures.
Index, 131
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| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:18:48Z |
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| isbn | 019507825X |
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| physical | XIV, 142 S. |
| publishDate | 1994 |
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| spelling | Small firms in global competition ed. by Tamir Agmon ... New York u.a. Oxford Univ. Press 1994 XIV, 142 S. txt rdacontent n rdamedia nc rdacarrier Klein- und Mittelbetrieb (DE-588)4031031-0 gnd rswk-swf Internationaler Wettbewerb (DE-588)4027415-9 gnd rswk-swf Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content Klein- und Mittelbetrieb (DE-588)4031031-0 s Internationaler Wettbewerb (DE-588)4027415-9 s DE-604 USA (DE-588)4078704-7 g Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 s Agmon, Tamir Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005518415&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Small firms in global competition Klein- und Mittelbetrieb (DE-588)4031031-0 gnd Internationaler Wettbewerb (DE-588)4027415-9 gnd Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 gnd |
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| title | Small firms in global competition |
| title_auth | Small firms in global competition |
| title_exact_search | Small firms in global competition |
| title_full | Small firms in global competition ed. by Tamir Agmon ... |
| title_fullStr | Small firms in global competition ed. by Tamir Agmon ... |
| title_full_unstemmed | Small firms in global competition ed. by Tamir Agmon ... |
| title_short | Small firms in global competition |
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| topic | Klein- und Mittelbetrieb (DE-588)4031031-0 gnd Internationaler Wettbewerb (DE-588)4027415-9 gnd Internationale Wettbewerbsfähigkeit (DE-588)4027386-6 gnd |
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