1.What do the activities of multinationals from mainland China in host developed and developing economies reveal about their competitive capabilities?
2.Do multinationals from Taiwan possess unique capabilities that make them particularly effective as competitors in international markets?
3.To what extent have Japanese automobile manufacturers been able to retain their competitive position as multinationals in international markets?
4.Analyse the view that Japanese banks and service companies, other than trading businesses, have failed to develop the capabilities to be leading multinationals?
5.To what extent have Korean electronics multinationals established competitive leadership in international markets? Have Japanese trading companies demonstrated that they have retained the capabilities to compete as leading multinationals in international markets?
Following the facts on FDI as per the Asia pacific companies, the paper will focus on companies in Europe and how they operate country wide. In this case, the report is basically on how the Japanese multinationals plays their role. This will based on companies such as Mitsubishi Corporation in Japan, Toyata in Japan, sumsung electronics in Korea, TECO in Taiwan and finally Huawei Technologies in China. The report will give an analysis of teh companies based on the following aspects. The strategy of the company, the corporate organization of the given company, their ore capacities and finally show how government play their role in establishment and development of the company.
Mitsubishi Corporation is Japan largest trading company, the corporation was founded in 1950 with its headquarters based in Chiyoda, Tokyo (Buckley & Ghauri, 2018 p.569). The corporation has its operation within many industries such as machinery as well as industrial finance. Mitsubishi corporation strategy is based on the sound foundation to its management and sustainable growth, the corporation has adhered to the management initiatives based on their perspectives including growth, profitability, and efficiency (Buckley & Ghauri, 2011 p. 262). The group through its diverse strategies has taken the challenge of resolving environmental issues, resources, and energy issues.
Mitsubishi Corporation is based on three corporate principles, the spirit and values have been in place since 1934. The first principle is Corporate Social Responsibility that entails their consistent efforts to resolve communal issues and challenges. The corporate taker the initiatives to make sure that the society within which it is situated benefits from its contributions. The corporate respects the culture and operations in the society for the purpose of fitting according to the culture of the society members for smooth operation (Burke, 2014 p. 467). The second principle is integrity and fairness where the group emphasizes maintaining the principles of good faith within the organization.
The Corporation core competencies can be divided into three categories, first information; this competency entails the incorporation of global partnerships, and by so doing the corporation’s ability to implement multiple businesses by joining efforts with other organizations to form beneficial business relationships locally and internationally (Luo, 2011 p.56). The second competency is technology where the corporation has ventured into various technological advancements in order to increase efficiency, owing to the fact that Mitsubishi is a motor company production processes will require technological intervention.
The role of government
Host governments of Mitsubishi Corporation have implementation of conditions that the corporations will operate under the government policies, the government sets legal objectives to the corporation to pay taxes, and for the corporation it enhances trade between the host country and the home country (Rugman, 2015 P.678). The next role of government includes the ability of having a control over the way trade will be contacted based on the variety of market standards. The government makes sure that the trade processes are well monitored and monitored for the purpose of having a smooth operation of the company business. The government participation in the company will make sure that the corporation is able to trade freely (Cho & Uchikawa, 2017 P. 553).
Toyota uses a generic strategy that enables it has a competitive advantage. The company has set some foundation over which it offers a stiff competition with other companies within the world. Over many years, the company has portrayed very progressive success from its operations and advancements; this can be evidence by the fact that the company has fulfilled its goals (Lusk, 2014 p.156). This company is categorized as one of the most developed company cross the world. It is situated in Japan and well known for its massive production of locomotives. In addition, it is one of the Japanese multinational automotive manufacturers; its headquarters is based in Toyota Aichi Japan (Mottage, 2017 p.16). The corporation strategy emphasizes environmental sustainability aligning accordingly with the Toyotas global vision of respect for the planet. The corporation recently implemented the Toyota environmental problems solutions for the purpose of preventing any challenge that may face the company from achieving its future strategies in operation (Yang & Xu, 2009 p.25). The corporation is in addition focused on making sure that it abides with the set rules and strategies for the purpose of having the operation verifications within the governance requirements.
Toyota corporate organization assumes an organizational structure that supports the way the organization operates for the purpose of achieving its goals and strategies. The company is categorized in to different corporate divisions for the purpose of significant developments in all years. The changes the organizational structure is now comprised of global hierarchy, geographic division, and product-based divisions. The structure was established with an aim to enhance flexibility, this is because the corporation has established branches in various regions, the new structure enables it to respond to regional market conditions, by so doing the corporation is in an ability to cater and satisfaction of its customers all over the world.
Focusing on Core capacities, the company is in ability to produce massive automobiles with is very quality with pocket friendly for its customers. The best operation of the company is in terms of automobiles production the company is able to contribute immensely to its core competence. Toyota is popularly known with quality aspect of its products which have revolutionized the automobiles industry hence the company pursues a pillar of cost leadership strategy.
Role of Government
State influences in the home country of Toyota, as well as the host country, has been beneficial for the growth of the corporation. Trade protection is one of the major government roles especially in host countries, However, Toyota has engaged in free trade agreements that focus on eliminating tariffs and quotas. Additionally the government in Japan intervened with a demand that the corporation should ensure that the cars manufactured will not have software issues or malfunctions, so doing the government is aiming to enhance quality products as far as technological advancement in manufacturing the cars is concerned, in this way the government will ensure there is no consumer exploitation. Samsung established a position in white goods by the start of the 1980s, nonetheless, the corporation went ahead to investigate further growth opportunities (Thompson, Strickland & Gamble, 2008 p.116).
Samsung Electronics Co., Ltd. is based in South Korean; the corporation was founded as an electronics company with its headquarters in Suwon. With their core vision which entails the struggle for the maintenance of its high level position over production of the automobiles in best quality and price. The company is renowned to be one of the largest multinational in Japan. Their strategies have therefore been achieved through innovative technology and products.
Samsung dedicates its efforts to aspects of creativity and innovation with a shared value between the stakeholders and the society, by so doing the company is able to achieve the goal of becoming a beloved brand. The company is aimed at vision 2021 in creating a better competitive environment for its operation. The corporate is aiming to be very well developed company in terms of coming up with quality products for its customers. The company believes on the fact that the production of the quality products will initiate high level of its customer’s satisfaction and high demand. The company believes on innovation as well as coming up with new strategies of operation for the purpose of maintaining high rank profile in producing quality products come 2021.
Samsung corporate company accepts a hierarchical structure for the purpose of maintaining high level of working capacity for it to achieve its objectives and systems. The organization is sorted in to various corporate set goals for the improvements of its operation. The progressions the authoritative structure is currently included worldwide pecking order, geographic division, and item based divisions. The structure was built up with an intend to improve adaptability, this is on account of the organization has set up branches in different areas, the new structure empowers it to react to territorial economic situations, by so doing the partnership is in a capacity to provide communication structure and fulfillment of its clients everywhere in the world (Nottage, 2009 p.76).
The purpose of the company is to create a communication zone for the net work connectivity within the entire countries o the world. The company is aimed at making sure that there is great communication within all the countries across the world. The company is listed among the best communication companies across the world. Following the fact that company is one of the best corporate offering the best communication products it is working each day and night to make sure its position is maintained. The company has set goals for achievement a way of keeping its high ranked position to the highest level possible. The company uses the common language in manufacture of its products so as to keep the operation setting under common delegation. It is true that there so many competition level of operation for the company and therefore it has taken it serious to have quality goods for the satisfaction of its customers (Law & Chan, 2017 p.475). The company has come up with regulations which govern the way they do production of their products.
Role of government
The role of the government in of Samsung Corporation is to make sure that the company has usage of conditions that the partnerships will work under the administration arrangements, the administration sets legitimate destinations to the enterprise to settle government obligations, and for the company it improves exchange between the host nation and the nation of origin. The job of government is to incorporate the capacity of having a power over the manner in which exchange will be reached in light of the assortment of market norms. Proper governance of the company ensures that the exchange forms are very much observed and checked to have a smooth activity of the organization business. The administration support in the organization will ensure that the partnership can exchange openly cross all parts of the world.
The strategy of the Huawei Technologies in China is to make sure that the needs of the customers are well met. They focus in deep research to ensure that what the company need for the production of the quality Huawei products is done on time. The company is so wide having so many employees operating 24/7 to make sure that the needs of the customers are catered for incase a need arises. The company is operating most of the countries across the world covering and approximate of 170 countries. The goals and the strategies of the company are aimed at making sure it working within its initiatives to make sure that the customers are served well. It is one of the sustainable companies having its head quarters in Shenzhen.
It involves shareholders' Meeting, Independent Auditor, and Supervisory Board. CEO/Rotating CEOs includes Group Functions a) Carrier BG b) Enterprise BG c) Consumer BG. Service BG (SBG) and lastly Financial Investment Management Platform. Bridging this so-called digital divide is vital to a host of development goals, from full access to education and health services through to achieving livable cities and delivering economic opportunity for all. Bridging this so-called digital divide is vital to a host of development goals, from full access to education and health services through to achieving livable cities and delivering economic opportunity for all (Van Tulder, Verbeke, & Voinea, 2012 P. 90).
Role of government
The role of the government is to state impacts in the nation of origin of Huawei Technologies. The government has been helpful for the development of the organization. Exchange assurance is one of the significant government jobs particularly in have nations, However, Toyota has occupied with unhindered commerce assertions that emphasis on wiping out levies and quantities (Lamont, 2008 p.46). Huawei Technologies built up a situation in white products by the beginning of the 1960s, in any case, the partnership proceeded to research facilitate development openings (Jaccard, 2013 p. 475). The government of china has been focusing on multinational partnership with Huawei company for the purpose of making sure that MNCs meets the standards of production as far as Huawei technologies is concerned (Lamont, 2008 p.46).
Teco is one of the companies having so many employees across the world. The company is kept in the book of records for having chieved more than 1 billion Euro shillings over the sales across all the coutries of operation in just a single year. The strategy of the company is to make sure that 50% of the Taiwain economy is kept in stable by the company. It is not a company of small scale production but a large scale for that matter (Nelson, 2008 p.6). The company has created economy breakthrough in the country by making sure that it has highest number of export of its products. It mainly focuses at making sure that its products are significantly at quality service for the purpose of keeping its customers on satisfaction.
According to the company's charter, the board of directors has 15 seats (including three for independent directors), for a three-year term. According to article 192-1 of the "Company Act," candidates for the board of directors are nominated and the acceptance of nomination and publication is carried out, in accordance to the regulations (Hitt, Ireland, & Hoskisson, 2017 p. 56). The members of the board of directors are all outstanding figures in industry and academia, boasting abundant corporate-governance experience and industrial technological skills, as well as expertise in banking, finance, accounting, and law (Mu?ller, 2011 p.96).
Role of government
Home governments and host governments of TECO regulates retakes and the generating capacity plans of investor-owned utilities. Following an example in Taiwan, the government has adopted the policy of reducing the growth rates of the consuming the electric. The government has encouraged so many people to use oil in most of its company operation. This has led to the increase of the set limits of the operation of the company (Elger & Smith, 2015 p. 61). The government, therefore, allowed TECO to offer PCS audits.
The report shows that this all companies discussed are covering much of their economy. They cover most strategic goals for the rise of the economy. Its strategy methodology is concentrating on four supportability and related vital activities, by so doing the organization is advancing the amicable advancement of the economy, society, and nature, also, the partnership as a component of their technique underscores on crossing over the computerized partition by furnishing individuals over every single geographic territory easily of access to voice correspondence administrations. Further, supporting system dependability and security, particularly at basic occasions, for example, tremors, tidal waves, and other cataclysmic events and crises is our most astounding need and comes in front of our own business advantages.
Buckley, P., & Ghauri, P. (2011). The global challenge for multinational enterprises. Global challenges Studies I, 5(7), 262-689.
Buckley, P., & Ghauri, P. (2018). The global challenge for multinational enterprises. Global challenges Studies II, 4(6), 569-575.
Burke, P. (2014). Green Pricing in the Asia Pacific: An Idea Who’s Time Has Come. Asia & the Pacific Policy Studies, 1(3), 467-575.
Cho, F., & Uchikawa, S. (2017). Toyota production system and kanban system materialization of just-in-time and respect-for-human system. The International Journal of Production Research, 15(6), 553-564.
Elger, T., & Smith, C. (2015). Assembling work. Oxford: Oxford University Press. Journal of Assemblying work,121(9), 61-75
Hitt, M., Ireland, R., & Hoskisson, R. (2017). Strategic management. Boston, MA, USA: Cengage Learning. Journal of Strategic management, 1(3), 56-57.
Jaccard, M. (2013). The objective is quality. Boca Raton, Fla.: London. Journal of quality objectives 23(4), 475-492
Lamont, D. (2008). Global Strategy. Chichester: Capstone Pub. Journal of Global Strategy, 6 (4), p.46-85.
Law, K., & Chan, A. (2017). Managing knowledge work in Asia Pacific contexts: case studies of Hong Kong SMEs. Asia Pacific Business Review, 23(4), 475-492.
Luo, Y. (2011). Strategy, structure, and performance of MNCs in China. Westport, Conn.: Quorum Books. Journal of Structure management, 3 (13), p.56-87.
Lusk, S. (2014). Rethinking Public Strategy. Strategic management. Boston, MA, USA: Cengage Learning. Journal of Strategic management, p.156-277
Mottage, M. (2017). Business Systems and Organizational Capabilities, Boston: McGraw-Hill/Irwin 6(11), p.16-37
Mu?ller, C. (2011). Case study and comparative strategic analysis of Toyota and Ryanair. Mu?nchen: GRIN Verlag GmbH. 6 (12), p.96-107
Nelson, S. (2008). Strategic planning for results. Chicago: American Library Association. Journal of Strategic management, 6 (9), p.6-7
Nottage, L. (2009). Corporate Governance in the 21st Century. Cheltenham: Edward Elgar Pub. Journal of governance, 1 (2), 76-97
Rugman, A. (2015). The Regional Multinationals. Journal of Strategic management, Cambridge: Cambridge University Press, P.678-987.
Thompson, A., Strickland, A., & Gamble, J. (2008). Crafting and executing strategy. Boston: McGraw-Hill/Irwin. Journal of crafting management, p.116-170
Van Tulder, R., Verbeke, A., & Voinea, L. (2012). New Policy Challenges for Global MNEs. Bingley: Emerald Group Publishing Limited. P. 90-134.
Yang, T.S. and Xu, J., 2009. Efficacy and safety of sorafenib in patients in the Asia-Pacific region with advanced hepatocellular carcinoma: a phase III randomised, double-blind, placebo-controlled trial. The lancet oncology, 10(1), pp.25-34.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2021). Analysis Of Japanese Multinationals In Europe. Retrieved from https://myassignmenthelp.com/free-samples/mn3216k-asia-pacific-business/mitsubishi-corporation-in-japan.html.
"Analysis Of Japanese Multinationals In Europe." My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/mn3216k-asia-pacific-business/mitsubishi-corporation-in-japan.html.
My Assignment Help (2021) Analysis Of Japanese Multinationals In Europe [Online]. Available from: https://myassignmenthelp.com/free-samples/mn3216k-asia-pacific-business/mitsubishi-corporation-in-japan.html
[Accessed 07 December 2023].
My Assignment Help. 'Analysis Of Japanese Multinationals In Europe' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/mn3216k-asia-pacific-business/mitsubishi-corporation-in-japan.html> accessed 07 December 2023.
My Assignment Help. Analysis Of Japanese Multinationals In Europe [Internet]. My Assignment Help. 2021 [cited 07 December 2023]. Available from: https://myassignmenthelp.com/free-samples/mn3216k-asia-pacific-business/mitsubishi-corporation-in-japan.html.