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How Resource-Poor Firms Survive and Thrive: The Story of Successful Chinese Multinationals

Lookup NU author(s): Dr Xin Li

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Abstract

This chapter outlines a dynamic model of compositional strategic advantage for resource-poor firms where the attractiveness of the product offering in terms of scope and perceived value-to-price ratio identifies a number of elementary compositional strategies. A resource-poor firm can establish a compositional strategy composed of one or more of these elementary compositional strategies. It is argued that how the compositional strategic advantage is formed by three indispensable factors of aspiration (asymmetry between ambition and position), attitude (be “ALERT” to change), and action (use the asymmetry to create advantage). It is explained how the underlying theoretical rationales are particularly useful to understand the successful expansion of multinational Chinese firms and coinciding with basic cultural values.


Publication metadata

Author(s): Li X

Editor(s): Torp SS; Andersen T;

Publication type: Book Chapter

Publication status: Published

Book Title: Adapting to Environmental Challenges: New Research in Strategy and International Business

Year: 2020

Volume: 3

Pages: 215-228

Print publication date: 21/07/2020

Online publication date: 21/07/2020

Acceptance date: 01/05/2019

Series Title: Emerald Studies in Global Strategic Responsiveness

Publisher: Emerald Group Publishing

Place Published: Bingley

URL: https://doi.org/10.1108/978-1-83982-476-020200010

DOI: 10.1108/978-1-83982-476-020200010

Notes: Ebook ISBN 9781839824760

Library holdings: Search Newcastle University Library for this item

ISBN: 9781839824777


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