The international competitiveness of Asian firms
Abstract
Purpose
Conventional studies of international competitiveness use country‐level data, but the aim of this paper is to extend this work by using firm level data of large Asian firms.
Design/methodology/approach
The authors gathered the regional sales and assets data for large Asian firms listed in latest Fortune Global 500 from their annual reports. They then applied the data to the firm specific advantage/country specific advantage matrix and the regional matrix frameworks developed by Rugman.
Findings
It is found that most Asian firms do not operate globally, but focus on their home region. Thus, Asian firms exploit and develop their FSAs regionally. Only a few large Japanese and Korean firms have significant sales outside of Asia. Large Asian firms vie with their regional competitors in their home region market.
Originality/value
International competitiveness does not necessarily mean globalization or global competition. International strategic management should consider the reality of regional competition.
Keywords
Citation
Rugman, A.M. and Hoon Oh, C. (2008), "The international competitiveness of Asian firms", Journal of Strategy and Management, Vol. 1 No. 1, pp. 57-71. https://doi.org/10.1108/17554250810909428
Publisher
:Emerald Group Publishing Limited
Copyright © 2008, Emerald Group Publishing Limited