Palgrave Macmillan Asian Business Series Series Editor: Harukiyo Hasegawa is Professor at Doshisha Business School, Kyoto, Japan, and Honourable Research Fellow at the University of Sheffield’s School of East Asian Studies, where he was formerly Director of the Centre for Japanese Studies. The series invites practitioners, policy-makers and academic researchers to join us at the cutting edge of constructive perspectives on Asian management, seeking to contribute towards the development of civil societies in Asia and further afield. Titles include: Claes-Göran Alvstam, Harald Dolles and Patrik Strom (editors) ASIAN INWARD AND OUTWARD FDI New Challenges in the Global Economy Glenn D. Hook and Harukiyo Hasegawa (editors) JAPANESE RESPONSES TO GLOBALIZATION IN THE 21st CENTURY Politics, Security, Economics and Business David Marutschke CONTINUOUS IMPROVEMENT STRATEGIES Japanese Convenience Store Systems Hiroaki Miyoshi and Yoshifumi Nakata (editors) HAVE JAPANESE FIRMS CHANGED? The Lost Decade Hiroaki Miyoshi and Masanobu Kii (editors) TECHNOLOGICAL INNOVATION AND PUBLIC POLICY The Automotive Industry Diane Rosemary Sharpe and Harukiyo Hasegawa (editors) NEW HORIZONS IN ASIAN MANAGEMENT Emerging Issues and Critical Perspectives Sten Söderman (editor) EMERGING MULTIPLICITY Integration and Responsiveness in Asian Business Development Chikako Usui (editor) COMPARATIVE ENTREPRENEURSHIP INITIATIVES Studies in China, Japan and the USA 10.1057/9781137312211 - Asian Inward and Outward FDI, Edited by Claes-Göran Alvstam, Harald Dolles and Patrik Strom Copyright material from www.palgraveconnect.com - licensed to npg - PalgraveConnect - 2014-10-15 The Palgrave Macmillan Asian Business Series seeks to publish theoretical and empirical studies that contribute forward-looking social perspectives on the study of management issues not just in Asia, but by implication elsewhere. The series specifically aims at the development of new frontiers in the scope, themes and methods of business and management studies in Asia, a region which is seen as key to studies of modern management, organisation, strategies, human resources and technologies. Oliver H.M. Yau and Raymond P.M. Chow (editors) HARMONY VERSUS CONFLICT IN ASIAN BUSINESS Managing in a Turbulent Era Copyright material from www.palgraveconnect.com - licensed to npg - PalgraveConnect - 2014-10-15 Tan Yi THE OIL AND GAS SERVICE INDUSTRY IN ASIA A Comparison of Business Strategies Palgrave Macmillan Asian Business Series Series Standing Order ISBN 978–1–403–99841–5 You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England 10.1057/9781137312211 - Asian Inward and Outward FDI, Edited by Claes-Göran Alvstam, Harald Dolles and Patrik Strom Asian Inward and Outward FDI New Challenges in the Global Economy Claes G. Alvstam Centre for International Business Studies (CIBS), School of Business, Economics and Law, University of Gothenburg, Sweden Harald Dolles Molde University College, Specialized University, Norway and Centre for International Business Studies (CIBS), School of Business, Economics and Law, University of Gothenburg, Sweden and Patrik Ström Centre for International Business Studies (CIBS), School of Business, Economics and Law, University of Gothenburg, Sweden 10.1057/9781137312211 - Asian Inward and Outward FDI, Edited by Claes-Göran Alvstam, Harald Dolles and Patrik Strom Copyright material from www.palgraveconnect.com - licensed to npg - PalgraveConnect - 2014-10-15 Edited by Selection, introduction, conclusion and editorial matter © Claes G. Alvstam, Harald Dolles and Patrik Ström 2014 Individual chapters © Respective authors 2014 Foreword © Harukiyo Hasegawa 2014 No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2014 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN 978–1–137–31220–4 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. A catalog record for this book is available from the Library of Congress. Typeset by MPS Limited, Chennai, India. 10.1057/9781137312211 - Asian Inward and Outward FDI, Edited by Claes-Göran Alvstam, Harald Dolles and Patrik Strom Copyright material from www.palgraveconnect.com - licensed to npg - PalgraveConnect - 2014-10-15 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. Contents List of Figures vii List of Tables ix x Preface and Acknowledgements xii Notes on Contributors xiv 1 Asian Inward and Outward FDI: New Challenges in the Global Economy – An Introduction Claes G. Alvstam, Harald Dolles, and Patrik Ström 2 Changing Faces of MNCs in China: Subsidiary Strategy in Corporate Strategic Reorientation Yu Zheng 3 Sponsoring as a Strategy to Enter, Develop, and Defend Markets: Advertising Patterns of the Beijing Olympic Games’ Sponsoring Partners Harald Dolles and Sten Söderman 4 Global Innovation and R&D for Knowledge Creation: The Case of P&G, Unilever and Kao Chie Iguchi, Takabumi Hayashi, and Atsuho Nakayama 5 The New Face of Talent Management in Multinational Corporations: Responding to the Challenges of Searching and Developing Talent in Emerging Economies Christian Schmidt, Sebastian Mansson, and Harald Dolles 1 17 36 65 87 6 Preferences and Intercultural Networking for Globalizing Practices of Successful Leaders in the Intercultural Workplace Rolf Schlunze, William W. Baber, and Weiwei Ji 115 7 Foreign Direct Investment and Economic Revitalization in Japan: The Role of the Foreign Firm in Niseko Andrew Staples 137 8 Exploring Thick Description in Business System Analysis: The South Korean Business System from a European Corporate Perception Flora Bendt, Joakim Sanne, and Harald Dolles 153 v 10.1057/9781137312211 - Asian Inward and Outward FDI, Edited by Claes-Göran Alvstam, Harald Dolles and Patrik Strom Copyright material from www.palgraveconnect.com - licensed to npg - PalgraveConnect - 2014-10-15 Foreword Contents 9 Samsung Electronics: From ‘National Champion’ to ‘Global Leader’ Sang-Chul Park, Claes G. Alvstam, Harald Dolles, and Patrik Ström 10 A Business Tale on Marriage, Divorce and Remarriage in the Corporate World: A Conceptual Framework of Firms’ Disintegration Process Roger Schweizer and Katarina Lagerström 179 201 11 The ‘Hybrid’ Emerging Market Multinational Enterprise – The Ownership Transfer of Volvo Cars to China Claes G. Alvstam and Inge Ivarsson 217 12 Concluding Remarks on Asian Inward and Outward FDI; New Challenges in the Global Economy Claes G. Alvstam, Harald Dolles, and Patrik Ström 243 Index 249 10.1057/9781137312211 - Asian Inward and Outward FDI, Edited by Claes-Göran Alvstam, Harald Dolles and Patrik Strom Copyright material from www.palgraveconnect.com - licensed to npg - PalgraveConnect - 2014-10-15 vi
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