Eng - and technological catching up of emerging...

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Internationalization and technological catching up of emerging multinationals: a comparative case study of China’s Haier group. Globalization is not simply a trend, but an international system that is leading the world economy into another complex process system which is directly or indirectly influencing the environment, politics and economies of almost every country in the world. With international trade, financial transfers, and foreign direct investment, the economy is increasingly internationally interconnected. Today, equivalent changes in communications, transportation, and computer technology have given the process new motivations to accomplish their goals. As globally mobile capital reorganizes business firms, it sweeps away regulation and undermines local and national politics. Globalization creates new markets and wealth, even as it causes occurring suffering and disorder at the same time. The process of globalization and the major ways in which companies enter the global market and face it, is always a great promise and great challenge for the business leaders. Due to the lack of a just and equitable international economic order, the influence of globalization on countries at different stages of development is entirely different. The recent corporate evolution of China and India has been characterized by increased
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internationalization of firms in form of outward foreign direct investment flows and overseas mergers and acquisitions. Within this broad trend, the growing internationalization of China’s Haier Group and India’s Tata Group is particularly distinguished. In their article Internationalization and technological catching up of emerging multinationals: a comparative case study of China’s Haier group, Geert, Jojo, Lemmens and Yu describes the ways the Haier and Tata group faces the special challenges posed by doing business in a diverse settings and operating across the world. The article is an examination and a comparison between the two groups, related to the way they approach the market, technology used, internationalization and the way they operate their business. Both Haier and Tata are large conglomerates who have followed an aggressive strategy to enter in the global market. The article points out that both this diversified groups were established in the domestic market, and that served as a great experience to emerge in the global market. Their destination of foreign investments was driven gradually, from their domestic market to the less developed and later to developed markets. Even though they entered in the international market in different times they followed e clear aggressive strategy to emerge. Compared to Haier, Tata group entered later in the developed market, in the early 2000s.
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