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Article
Publication date: 7 February 2024

Feng Wan, Peter Williamson and Naresh Pandit

Chinese firms are winning market share from foreign multinational enterprises in domestic markets. The international business literature suggests that this is happening because…

Abstract

Purpose

Chinese firms are winning market share from foreign multinational enterprises in domestic markets. The international business literature suggests that this is happening because these firms are developing non-traditional firm-specific advantages (FSAs). Strategic factor market (SFM) theory provides a good basis for explaining how this is happening. However, it is underdeveloped in terms of analysing unique resources and unique access to those resources by Chinese firms in their domestic markets. This paper aims to develop a framework to understand how Chinese firms have developed non-traditional FSAs.

Design/methodology/approach

The case study method is adopted to explore how Chinese firms develop non-traditional FSAs. Specifically, the authors compare paired case studies of a Chinese firm and a foreign multinational in each of two industries.

Findings

The authors find that Chinese firms have developed non-traditional FSAs because of more relevant experience, better adapted strategies and privileged relationships. This has enabled Chinese firms to develop non-traditional FSAs.

Originality/value

The authors propose a framework that conceptualises non-traditional FSA development in Chinese firms as a product of superior access to unique and valuable resources in their domestic SFMs.

Details

Multinational Business Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1525-383X

Keywords

Article
Publication date: 16 July 2018

Peter Williamson and Feng Wan

The purpose of this paper is to re-assess the concept of ownership advantages in the light of successful international expansion of multinationals from emerging economies (EMNEs…

1877

Abstract

Purpose

The purpose of this paper is to re-assess the concept of ownership advantages in the light of successful international expansion of multinationals from emerging economies (EMNEs) and explore how these advantages are built.

Design/methodology/approach

The paper presents a viewpoint based on analysis of the successful international expansion of a sample of Chinese EMNEs where success is measured their ability win share in overseas markets. This allows us to identify their ownership advantages, the antecedents of these advantages and how they were built using dynamic capabilities.

Findings

EMNEs have “non-traditional” ownership advantages that have been built by finding innovative ways to leverage the locational advantages of their home countries. The conversion of locational advantages into ownership advantages requires that firms build dynamic capabilities that enable them to innovate in the use of the locational advantages they enjoy.

Research limitations/implications

The study is limited to a small sample of EMNEs from China who have succeeded in winning market share in the initial phases of their international expansion. In the light of these limitations, the authors discuss the question the sustainability of their competitive advantage as well as the likely applicability of our findings to EMNEs from other EMNEs.

Originality/value

The authors revisit the paradox that despite the growth and success of multinationals from EMNEs in the past decade they are assumed to lack ownership advantages. The authors show that EMNEs’ ownership advantages differ from the traditional advantages such proprietary technologies and brand equity that are enjoyed by incumbent multinationals.

Article
Publication date: 1 June 2018

Chen Wang, Wan Thing Hong and Hamzah Abdul-Rahman

Bedroom Feng Shui practices have been criticized as myth over the years but in fact having its scientific origin that is not purely superstitious. This paper aims to examine…

Abstract

Bedroom Feng Shui practices have been criticized as myth over the years but in fact having its scientific origin that is not purely superstitious. This paper aims to examine whether the architects' design practice for bedroom interior arrangement is concurring with the recommended bedroom Feng Shui practices. The study has successfully interviewed 16 architects from diverse backgrounds to avoid bias, seeking their design perspectives in bedroom interior configuration. Subsequently, the interviewees submitted sketches of ideal bedroom layout based on their expertise, with pre-set requirements. Data from semi-structured interviews were analyzed using mixed method approach. In agreement with our expectations, majority of the interviewees have matching thoughts that “bed arrangement” is the primary consideration in bedroom interior configuration. Most of the design outputs were highly attached to favorable Feng Shui conditions. The overall findings implied that bedroom Feng Shui is not merely superstitious but most components are practical design references for architects from diverse backgrounds.

Details

Open House International, vol. 43 no. 2
Type: Research Article
ISSN: 0168-2601

Keywords

Article
Publication date: 17 October 2008

Yunfeng Zhou and Feng Wan

The purpose of this paper is to present a neural network approach to control performance assessment.

Abstract

Purpose

The purpose of this paper is to present a neural network approach to control performance assessment.

Design/methodology/approach

The performance index under study is based on the minimum variance control benchmark, a radial basis function network (RBFN) is used as the pre‐whitening filter to estimate the white noise sequence, and a stable filtering and correlation analysis method is adopted to calculate the performance index by estimating innovations sequence using the RBFN pre‐whitening filter. The new approach is compared with the auto‐regressive moving average model and the Laguerre model methods, for both linear and nonlinear cases.

Findings

Simulation results show that the RBFN approach works satisfactorily for both linear and nonlinear examples. In particular, the proposed scheme shows merits in assessing controller performance for nonlinear systems and surpasses the Laguerre model method in parameter selection.

Originality/value

A RBFN approach is proposed for control performance assessment. This new approach, in comparison with some well‐known methods, provides satisfactory performance and potentials for both linear and nonlinear cases.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 1 no. 4
Type: Research Article
ISSN: 1756-378X

Keywords

Book part
Publication date: 27 May 2008

Tak-Kee Hui, David Wan and Miau Feng Chi

China looks set to become the fourth largest outbound tourist generating country in the world by 2020 (World Tourism Organisation, 1997). Tourists from Mainland China are the…

Abstract

China looks set to become the fourth largest outbound tourist generating country in the world by 2020 (World Tourism Organisation, 1997). Tourists from Mainland China are the second most important source of tourist arrivals in Singapore. A better understanding of the Chinese tourists’ needs and expectations will be helpful in positioning the country to attract them. The data collected at Singapore Changi International Airport are segmented to different groups under various demographic factors. This study shows that there exist motivational differences among gender, income, age as well as travel frequencies. The findings are useful to the marketers to establish their strategic plans in targeting at different groups of Chinese visitors.

Details

Advances in Hospitality and Leisure
Type: Book
ISBN: 978-0-7623-1489-8

Article
Publication date: 4 June 2024

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Domestic firms are able to outcompete most foreign MNEs due to their inherent knowledge of the market, access to resources, and the ability to adapt products more quickly.

Originality/value

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Details

Strategic Direction, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0258-0543

Keywords

Open Access
Book part
Publication date: 18 July 2022

Devrim Murat Yazan, Guido van Capelleveen and Luca Fraccascia

The sustainable transition towards the circular economy requires the effective use of artificial intelligence (AI) and information technology (IT) techniques. As the…

Abstract

The sustainable transition towards the circular economy requires the effective use of artificial intelligence (AI) and information technology (IT) techniques. As the sustainability targets for 2030–2050 increasingly become a tougher challenge, society, company managers and policymakers require more support from AI and IT in general. How can the AI-based and IT-based smart decision-support tools help implementation of circular economy principles from micro to macro scales?

This chapter provides a conceptual framework about the current status and future development of smart decision-support tools for facilitating the circular transition of smart industry, focussing on the implementation of the industrial symbiosis (IS) practice. IS, which is aimed at replacing production inputs of one company with wastes generated by a different company, is considered as a promising strategy towards closing the material, energy and waste loops. Based on the principles of a circular economy, the utility of such practices to close resource loops is analyzed from a functional and operational perspective. For each life cycle phase of IS businesses – e.g., opportunity identification for symbiotic business, assessment of the symbiotic business and sustainable operations of the business – the role played by decision-support tools is described and embedding smartness in these tools is discussed.

Based on the review of available tools and theoretical contributions in the field of IS, the characteristics, functionalities and utilities of smart decision-support tools are discussed within a circular economy transition framework. Tools based on recommender algorithms, machine learning techniques, multi-agent systems and life cycle analysis are critically assessed. Potential improvements are suggested for the resilience and sustainability of a smart circular transition.

Details

Smart Industry – Better Management
Type: Book
ISBN: 978-1-80117-715-3

Keywords

Article
Publication date: 9 April 2024

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

The research showed Chinese firms (in contrast to multinational enterprises) develop nontraditional firm-specific advantages due to more relevant experience, better adapted strategies and privileged relationships.

Originality/value

The briefing saves busy executives, strategists, and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Details

Strategic Direction, vol. 40 no. 4
Type: Research Article
ISSN: 0258-0543

Keywords

Content available
Article
Publication date: 8 June 2012

583

Abstract

Details

Chinese Management Studies, vol. 6 no. 2
Type: Research Article
ISSN: 1750-614X

Book part
Publication date: 4 December 2020

Abstract

Details

Application of Big Data and Business Analytics
Type: Book
ISBN: 978-1-80043-884-2

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