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2 results

  • 4 - Globalisation of Chinese Firms Using New Paradigms

  • David K. Tse, The University of Hong Kong, Kineta Hung, Hong Kong Baptist University
  • Book:
    Dynamic Growth of Chinese Firms in the Global Market
    Published online:
    05 February 2020
    Print publication:
    13 February 2020, pp 53-82

  • Summary

    This chapter discusses several emerging globalisation models: the Springboard Model; its variant, the Leapfrog Model; the Mixed Model, a hybrid globalisation approach that leverages the combined benefits of administrative and market systems; and the Effectual Model, an appropriate for entrepreneurial firms. The discussion delineates the advantages and challenges of each model as well as the motivations for firms to adopt these models. Similar to , this chapter also traces the development of various exemplary firms (and their respective industries) that have successfully adopted these models. They include: China Merchants Bank (Springboard Model), Huawei (Leapfrog Model), CRRC (high-speed rail) (Mixed Model), and Techno (Effectual Model).

Dynamic Growth of Chinese Firms in the Global Market
  • Challenges, Strategies and Implications
  • David K. Tse, Kineta Hung
  • Published online:
    05 February 2020
    Print publication:
    13 February 2020
  • How have Chinese multinationals benefited from China's economic boom to enable their international expansion? This book is based on many years of original research tracing the emergence, growth and future of Chinese firms in the world economy. The authors seek to provide new perspectives and insights for business executives and graduate students through a comprehensive study of how China's firms globalize and operate, and the implications of this for economic success. Based on detailed case studies and summative examples of successful Chinese firms, Tse and Hung point out their strengths (e.g. making innovations affordable to many developing nations), their weaknesses (products made in China are not highly regarded) and their mistakes (being insensitive to host economy needs and at times corruptive acts). They argue that the world economy would benefit from engaging with Chinese and other emerging economy firms to learn from the strategies they employ to achieve their global reach.