This paper examines how innovation-related firm-specific ownership advantage (FSA) plays a role in developing the competitive advantage of Chinese multinationals when they internationalize. Based on a review of the existing literature concerning foreign direct investment by emerging economy multinational enterprises (EMNEs), we identify that numerous studies explain this phenomenon on the basis of their location-bound country specific advantages. However, such views do not fully explain the key underlying factors behind the rapid rise and success of many EMNEs as these firms rapidly internationalize and develop global competitiveness in developed markets. The current research explores three leading innovative Chinese EMNEs from the engineering sector: BYD, Sany Heavy Industry and CSR China. We find that their knowledge, and particularly their innovation-creating technological knowledge has contributed greatly to their successful internationalization. The illustrative cases show that the three firms have now moved beyond the infant to the mature stage of EMNE development through developing their technological knowledge in order to realize firm-specific advantage (FSA) through internationalization. This study helps in contributing fresh reflections to the continuing debate concerning the causes of internationalization and global competitive development by EMNEs and the role of their FSAs in these processes.
This article examines the main issues and challenges associated with the use of the focus group method in a research study involving small business and entrepreneurship. The project concerned the education and training needs of a Bangladeshi community in a West Midlands city, commissioned by the local Chamber of Commerce Training and Enterprise. The article considers the advice provided in the literature on the conduct of focus groups, describes the application of that advice to gather empirical data from an ethnic community, and discusses the insights gained from the use of focus groups in these circumstances. Both the positive and negative features of the research process and outcomes are covered, and the impact of the focus group method on the successes and failures of the project is discussed.
This paper examines the main factors that attract inbound foreign direct investment (FDI) at the UK regional level, using econometric data from five sample UK regions (the South East, West Midlands, North West, Wales and Scotland) broadly representing the country's regional economic divide. The findings indicate that regional and national (but not EU-level) factors, linked to several underlying strategic determinants help determine the regional distribution of inbound FDI, and its inter-regional variation. The paper concludes that governmental policymakers at the national and regional levels can have an important role to play in drawing targeted FDI inflows to the UK regions.
Explores the obstacles facing trans‐national corporations (TNC) considering FDI in Russia. Dunning (1994) suggests that countries’ abilities to attract and exploit the potential economic benefits of inbound FDI vary according to their national political, economic and legal cultures, traditions and infrastructures, together with the economic objectives and policies pursued by host governments. This paper seeks to make use of Dunning’s model, in exploring the obstacles to FDI in modern Russia, and their implications for TNCs. The papers’ findings suggest that Russia’s relative lack of success in attracting FDI and exploiting its potential benefits during the 1990s can be attributed to her national infrastructural factors and government policies, as Dunning’s model suggests. Russia’s ability to attract a larger share of FDI in future seems likely to be constrained by national ambivalence towards the benefits of FDI, together with the political and economic realities of her current situation.
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