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Title: The global big business revolution and the challenge for large firms from developing countries : the case of the Chinese brewing industry
Author: Guo, Yuantao
Awarding Body: University of Cambridge
Current Institution: University of Cambridge
Date of Award: 2005
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Abstract:
This thesis is a study of the challenge of the global big business revolution and the catch-up of large firms in relation to the Chinese brewing industry. Case studies on the global and the Chinese brewing industries, as well as Tsingtao Brewery and Yanjing Brewery, are conducted to study the topic. The research finds global giant brewers possess substantial competitive advantages. The current era has witnessed unprecedented global dominance by giant brewers from advanced economies. It is argued that compared with global giants, large indigenous brewers in China are at a disadvantage although they have made significant efforts to catch up. They are ambitious to lead the domestic consolidation and to go global. The research argues their burning issue is not going global, but rather securing the backyard in the face of aggressive foreign penetration. The research holds that the impacts of the increasingly popular strategic alliance between large indigenous brewers and global giants are more far-reaching that at first sight may appear to be the case. The alliance may impede instead of speeding up the catch-up process in that large indigenous firms run a huge risk of becoming foreign giants’ de facto subsidiaries. The research holds that a free market approach does not benefit indigenous large brewers’ catch-up, and calls for continuous state intervention. Lessening the state intervention has huge negative impacts on large indigenous brewers. The case of the brewing industry suggests that if the Chinese government fails to continuously facilitate large indigenous firms’ catch-up, many of the endeavours that it has made through tailored industrial policies during the past few decades may go to ruin. The research provides strategy implications for large Chinese entrepreneurs in reaction to the severe global competition and offers policy implications for large multinational firms’ cooperation, and competition with large Chinese firms.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID: uk.bl.ethos.599784  DOI: Not available
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