Martin Jacques on Victoria in the Asian Century and the rise of China
Rise of Asian MNCs
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Transcript of Rise of Asian MNCs
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Rise of Asian MNCs
Especially from Korea, China and
Southeast Asia.
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Rise of Asian MNCsEspecially from Korea, China and southeast Asia.
Group members:Ranjith 09mbi134
Barani 09mbi012Sriram. 09mbi060
Shabharishwara. 09mbi117
Vinoth k 09mbi127
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How & why Multinationals Start
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Role of MNCs from emerging
economies emerging multinationals(EMs) are changing the configuration of global
industries
According to the United Nations Conference on Trade and Development
(UNCTAD),multinationals in emerging economies accounted for only 0.4
percent of world outward foreign direct investment (FDI) in 1970.That
share grew to 15.8 percent by 2008.
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Rise of MNCs in Asia
Mergers and acquisitions is a common mode of global expansion used by
Asian MNCs
The outward investment from Asia are lower compared to developed
countries but this investment is growing, fuelled largely by inward
investment and by the strong growth in their economies Global ambitions are pursued not only by large organizations but
companies of all sizes
Asias share of global revenues rose from 19 per cent in 2011 to 22 per
cent in 2012
Asias projected share of global economy in 2017 is 35%
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Rise of MNCs in China
In 1979 economic reforms and opening up to the outside world lead to
globalization and rise of MNCs in china. The role played by government
The competitive advantage
CHINA- FACTORY FOR THE WORLD
Internationalization of the Manufacturing Function Haier, tcl.
FOR EXAMPLE:
The internationalisation of manufacturing in Haiers refrigerator/freezer divisionfollowed three steps:
Entry into nearby developing countries (South East Asia);America and Europe.
Establishment of a manufacturing plants in North America and Europe;
Exploring other developing countries (South Asia, Middle East and Africa).
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Rise of MNCs in South Korea
Ranks 15th in the world by nominal GDP and 12th by purchasing
power parity (PPP), identifying it as one of the G-20 major
economies. (capital and research center of South Korea) (APEC,
OECD, WTO,G20, Next Eleven Countries).
One of the fastest growing developed countries, along with Hong
Kong, Singapore, and Taiwan.
South Korea was the seventh largest exporter and tenth largest
importer in the world.
1997 financial crisis and 2008 currency crisis
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South Koreans MNC
Samsung Electricals
LG Electricals
Hyundai Heavy Industry DSME co Ltd
Posco
Hanwha
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Characteristic of Korean MNC
Managers expect that their instructions will be obeyed and
this expectation of obedience is usually fulfilled.
he Koreans also employ a process of consensus decision-
making in certain situations, which is similar to the system of
nemawashi found in Japan.
Seniority
Managers are expected to take a holistic interest in theirsubordinates
Women in south Korea
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Challenges of MNC in South Korea
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Top 20 MNC from South Korea
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Rise of MNCs in southeast Asia
Indonesia has liberalized recently
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references
http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/#axzz2NZnjSiOg
http://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdf
http://www.capgemini.com/m/en/tl/tl_Emerging_Multinationals__Manufacturing_in_a_Rapidly_Changing_Global_Landsca
pe.pdf
http://research.stlouisfed.org/publications/regional/10/07/multinational.pdf
http://204.3.197.155/ETSG2011/Papers/Klimek.pdf
http://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazers
http://www.utdallas.edu/~mikepeng/documents/ChinaGoesGlobal1101_GSJR2.pdf http://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdf
http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdfhttp://www.capgemini.com/m/en/tl/tl_Emerging_Multinationals__Manufacturing_in_a_Rapidly_Changing_Global_Landscape.pdfhttp://www.capgemini.com/m/en/tl/tl_Emerging_Multinationals__Manufacturing_in_a_Rapidly_Changing_Global_Landscape.pdfhttp://research.stlouisfed.org/publications/regional/10/07/multinational.pdfhttp://204.3.197.155/ETSG2011/Papers/Klimek.pdfhttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.utdallas.edu/~mikepeng/documents/ChinaGoesGlobal1101_GSJR2.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.vcc.columbia.edu/files/vale/documents/EMGP-Korea-Report-Final-20101116.pdfhttp://www.utdallas.edu/~mikepeng/documents/ChinaGoesGlobal1101_GSJR2.pdfhttp://www.utdallas.edu/~mikepeng/documents/ChinaGoesGlobal1101_GSJR2.pdfhttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://www.towerswatson.com/en-AU/Insights/IC-Types/Survey-Research-Results/2012/09/Asian-Trailblazershttp://204.3.197.155/ETSG2011/Papers/Klimek.pdfhttp://204.3.197.155/ETSG2011/Papers/Klimek.pdfhttp://research.stlouisfed.org/publications/regional/10/07/multinational.pdfhttp://research.stlouisfed.org/publications/regional/10/07/multinational.pdfhttp://www.capgemini.com/m/en/tl/tl_Emerging_Multinationals__Manufacturing_in_a_Rapidly_Changing_Global_Landscape.pdfhttp://www.capgemini.com/m/en/tl/tl_Emerging_Multinationals__Manufacturing_in_a_Rapidly_Changing_Global_Landscape.pdfhttp://www.capgemini.com/m/en/tl/tl_Emerging_Multinationals__Manufacturing_in_a_Rapidly_Changing_Global_Landscape.pdfhttp://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdfhttp://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdfhttp://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdfhttp://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdfhttp://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdfhttp://www.towerswatson.com/assets/ap/pdf/7932/TowersWatson-Viewpoints-MNC.pdfhttp://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/http://blogs.ft.com/beyond-brics/2013/01/08/multinationals-off-the-pace-in-asia/ 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Group members: Ranjith 09mbi134 rise of mncs in korea
Barani 09mbi012- rise of mncs in china
Sriram. 09mbi060 rise of mncs in asia
Shabharishwara. 09mbi117
Vinoth k 09mbi127