Accelerated internationalization by emerging markets’ multinationals: The case of the white goods sector

The emergence of a “second wave” of developing country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of globalization. This paper documents how emerging markets’ MNEs (EM-MNEs) may follow quite different patterns to reach, or at least approach, glo...

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Published inJournal of world business : JWB Vol. 42; no. 4; pp. 369 - 383
Main Authors Bonaglia, Federico, Goldstein, Andrea, Mathews, John A.
Format Journal Article
LanguageEnglish
Published Greenwich Elsevier Inc 01.12.2007
Elsevier
Elsevier Science Ltd
SeriesJournal of World Business
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Abstract The emergence of a “second wave” of developing country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of globalization. This paper documents how emerging markets’ MNEs (EM-MNEs) may follow quite different patterns to reach, or at least approach, global competitiveness. In particular, it investigates how three EM-MNEs pursued global growth through accelerated internationalization combined with strategic and organizational innovation. Haier (China), Mabe (Mexico) and Arçelik (Turkey) emerged as multinationals in the large home appliances (so-called “white goods”) industry. The recipe for the success of these firms seems to lie in their ability to treat global competition as an opportunity to build capabilities, move into more profitable industry segments, and adopt strategies that turn latecomer status into a source of competitive advantage. At the same time, their experiences show that there are many strategies and trajectories for going global, consistent with a pluralistic conceptualization of globalization.
AbstractList The emergence of a "second wave" of developing country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of globalization. This paper documents how emerging markets' MNEs (EM-MNEs) may follow quite different patterns to reach, or at least approach, global competitiveness. In particular, it investigates how three EM-MNEs pursued global growth through accelerated internationalization combined with strategic and organizational innovation. Haier (China), Mabe (Mexico) and Arcelik (Turkey) emerged as multinationals in the large home appliances (so-called "white goods") industry. The recipe for the success of these firms seems to lie in their ability to treat global competition as an opportunity to build capabilities, move into more profitable industry segments, and adopt strategies that turn latecomer status into a source of competitive advantage. At the same time, their experiences show that there are many strategies and trajectories for going global, consistent with a pluralistic conceptualization of globalization. [PUBLICATION ABSTRACT]
The emergence of a “second wave” of developing country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of globalization. This paper documents how emerging markets’ MNEs (EM-MNEs) may follow quite different patterns to reach, or at least approach, global competitiveness. In particular, it investigates how three EM-MNEs pursued global growth through accelerated internationalization combined with strategic and organizational innovation. Haier (China), Mabe (Mexico) and Arçelik (Turkey) emerged as multinationals in the large home appliances (so-called “white goods”) industry. The recipe for the success of these firms seems to lie in their ability to treat global competition as an opportunity to build capabilities, move into more profitable industry segments, and adopt strategies that turn latecomer status into a source of competitive advantage. At the same time, their experiences show that there are many strategies and trajectories for going global, consistent with a pluralistic conceptualization of globalization.
Author Bonaglia, Federico
Mathews, John A.
Goldstein, Andrea
Author_xml – sequence: 1
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  surname: Bonaglia
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  givenname: Andrea
  surname: Goldstein
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  givenname: John A.
  surname: Mathews
  fullname: Mathews, John A.
  email: John.Mathews@mgsm.edu.au
  organization: Macquarie Graduate School of Management, Macquarie University, Sydney NSW 2109, Australia
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Snippet The emergence of a “second wave” of developing country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of...
The emergence of a "second wave" of developing country multinational enterprises (MNEs) in a variety of industries is one of the characterizing features of...
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SubjectTerms Appliance industry
Business studies
Competitive advantage
Competitiveness
Developing countries
Emerging markets
Globalization
International market
LDCs
Multinational corporations
Multinational enterprises
Studies
Title Accelerated internationalization by emerging markets’ multinationals: The case of the white goods sector
URI https://dx.doi.org/10.1016/j.jwb.2007.06.001
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Volume 42
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