Global Future : The Next Challenge for Asian Business
by Arnoud DeMeyer, Tanna Schulich Chair in Neuroscience and Mental Health Schulich School of Medicine Peter Williamson, M.D., Peter Williamson, Pamela C. M. Mar, Frank-Jürgen Richter
Category: Business & Economics

Look at any list of truly global companies— those with integrated management and operations across multiple borders—and one notes that Asian companies are sorely underrepresented. Notwithstanding the early internationalization successes of Japanese and Korean conglomerates and the more recent international forays by Chinese companies, one must recognize that much of the promise of Asian multinationals leading a “Pacific century” has yet to be realized. Global Future: The Next Challenge of Asian Business is a direct response to growing ambitions of Asian companies to go global and the rising pressures on them to internationalize. Advancements in technology, industry changes, and political shifts have fundamentally reshaped the structure of competition, thus challenging the traditional strengths of Asian companies. For corporations that have grown large on the back of national protection and information asymmetries, the environment has become tougher than ever. By profiling early pioneers and leading contemporary globalizers, the authors show how Asian companies can best “climb the globalization staircase” and develop the strategies and capabilities needed to succeed in a global future. Companies profiled include: From Japan—Sony, Kikkoman From Korea—Samsung Electronics From Hong Kong—Li & Fung From Singapore—Singapore Telecom, Olam From Taiwan—Uni President From Mainland China—ICBC, China Netcom