Chinese Outbound Investment in Australia: From State Control to Entrepreneurship

2019 ◽  
Vol 243 ◽  
pp. 701-736 ◽  
Author(s):  
Wei Li ◽  
Hans Hendrischke
Keyword(s):  
Dynamic Capabilities ◽  
Organizational Capabilities ◽  
Regulatory Regime ◽  
Market Demand ◽  
Government Control ◽  
Chinese Firms ◽  
Developed Economies ◽  
Corporate Expansion ◽  
Australian Economy ◽  
Overseas Operations

AbstractThis article contributes to our understanding of Chinese corporate expansion into developed economies by using Australia as a case study of how, in the 2010s, Chinese firms began transiting from government-driven resource investment to entrepreneurial expansion in new industries and markets. We contextualize this process by demonstrating how changing market demand and institutional evolutions at home and in the host country created new motivations for Chinese investors. In particular, the decline of active government control in China over the overseas operations of Chinese firms and the more business-oriented regulatory regime in Australia empowered local subsidiaries of Chinese firms to become more entrepreneurial and explorative in their attempts to compensate for their lack of competitiveness and weak organizational capabilities. Consequently, Chinese firms brought their domestic experience and modus operandi to the Australian host market and collectively adapted and deployed dynamic capabilities such as the use of network linkages, experiential learning and corporate reconfiguration. We find that this transfer of capabilities was facilitated by the co-evolution of the Chinese and Australian institutional and market environments and has maintained Australia's position as one of the major recipient countries of Chinese outbound investment, opening the Australian economy to ongoing expansion and disruption.

scholarly journals The Effects of External and Internal Factors on Competitive Advantage—Moderation of Market Dynamism and Mediation of Customer Relationship Building

2021 ◽  
Vol 13 (7) ◽  
pp. 4066
Author(s):  
Romina Cheraghalizadeh ◽  
Hossein Olya ◽  
Mustafa Tumer
Keyword(s):  
Competitive Advantage ◽  
Dynamic Capabilities ◽  
Capabilities Approach ◽  
Relationship Building ◽  
Customer Relationship ◽  
Mediation Effect ◽  
Organizational Capabilities ◽  
Validity And Reliability ◽  
Internal And External Factors ◽  
The Relationship

Using a resource-based view and dynamic capabilities approach, this study investigates both the internal and external factors influencing competitive advantage in the hotel industry. For this purpose, we examine how organizational capabilities may lead to customer relationship building and in turn to competitive advantage. We further test the moderation role of market dynamism on the relationship between organizational capabilities and customer relationship building, and also investigate the mediation effect of customer relationship building on the association between organizational capabilities and competitive advantage. A questionnaire-based study was conducted among hotel employees in Northern Cyprus to test the conceptual model. A set of approaches was applied to detect common method bias and test the validity and reliability of the questionnaire. Correlation and regression analyses were conducted to evaluate the relationships between the variables, and bootstrapping analysis was applied to assess the mediation and moderation effects. The results revealed that organizational capabilities enhance customer relationship building and competitive advantage. Market dynamism as an external factor moderates the relationship between organizational capabilities and customer relationship building. There is also an indirect association between organizational capabilities and competitive advantage through the mediation of customer relationship building. The theoretical and practical implications of the findings are discussed.

A Semi-Formalization of the Dynamic Capability View

2018 ◽  
Author(s):  
Ralf Wilden ◽  
Timothy M. Devinney ◽  
Nidthida Lin
Keyword(s):  
Dynamic Capabilities ◽  
Dynamic Capability ◽  
Market Demand ◽  
Resource Base ◽  
Structured Model ◽  
The Core ◽  
Theoretical Status ◽  
Core Components ◽  
The Relationship ◽  
Core Construct

Some management scholars doubt the value of the dynamic capability view when compared to existing theories. The concern expressed is often related to unclear definitions of the core construct and the relationship among the components that make up that construct. The end result is potentially confused and conflicting interpretations of empirical findings and non-commensurate measurement. One solution is to formalize core components of the theory at hand. The purpose of this paper is not to discuss or argue for (or against) the theoretical status of the dynamic capability view, but to provide a simple, yet insightful, structured model of its core components. Specifically, this paper takes as its basis the perspective of dynamic capabilities as comprising the sensing, seizing, and reconfiguring processes that are deployed to create a resource base aimed at satisfying evolving market demand; it presents a simple but formal way of characterizing its components.

scholarly journals Dynamic Capabilities and Entrepreneurial Ecosystems: The Micro-Foundations of Regional Entrepreneurship

2018 ◽  
Vol 28 (1) ◽  
pp. 94-120 ◽  
Author(s):  
Philip T. Roundy ◽  
Dutch Fayard
Keyword(s):  
Dynamic Capabilities ◽  
Early Stage ◽  
Entrepreneurial Activity ◽  
Interconnected System ◽  
Entrepreneurship Research ◽  
Future Studies ◽  
Developed Economies ◽  
Positive Effects ◽  
Entrepreneurial Ecosystems ◽  
Micro Foundations

In pursuit of the beneficial outcomes of entrepreneurship, governments and regional development organisations enact policies to stimulate entrepreneurial activity. A growing focus of policymakers in emerging and developed economies is the promotion of entrepreneurial ecosystems: the interconnected system of forces that generate and sustain regional entrepreneurship. Despite intense interest in entrepreneurial ecosystems, the topic is under-theorised. Studies draw attention to the positive effects of entrepreneurial ecosystems on the creation and functioning of early-stage ventures; however, the specific mechanisms through which ecosystems influence entrepreneurs are not clear. To address this issue, we build on dynamic capabilities theory to create a theoretical framework that identifies a set of forces through which ecosystems influence entrepreneurship. We propose that in vibrant entrepreneurial ecosystems entrepreneurs are more able to sense, seize and reconfigure resources and opportunities. Our theory contributes to entrepreneurship research, has implications for policymakers and practitioners, and suggests directions for future studies.

scholarly journals PEMANFAATAN SURAT KETERANGAN ASAL INDONESIA DALAM PENINGKATAN INVESTASI BERORIENTASI EKSPOR AUSTRALIA KE INDONESIA

2020 ◽  
Vol 14 (2) ◽  
pp. 97-104
Author(s):  
Victor Tulus Pangapoi Sidabutar
Keyword(s):  
Foreign Direct Investment ◽  
Natural Resources ◽  
Free Trade ◽  
Direct Investment ◽  
Trade Agreement ◽  
Trade Agreements ◽  
Export Market ◽  
Market Demand ◽  
Import Prices ◽  
Australian Economy

Indonesia has signed a trade agreement with Australia and hoped that this agreement can benefit both parties in facing global free trade. Indonesia is not Australia's main trading partner currently and Indonesia's exports to Australia tend to decline in recent years. Indonesia can take advantage of Australia's export market which is experiencing an increase in the value of exports which has risen faster than import prices which has affected the growth of the Australian economy. Indonesia can utilize the export market, especially markets that have trade agreements with Indonesia in order to indirectly increase Indonesian exports by utilizing the issuance of Certificates of Origin from Indonesia as partners of producers of Australian export products. The abundance of natural resources and labor in Indonesia is expected to attract the interest of Australia to invest in Indonesia to build an industry that aims to produce goods for the needs of the country's export market demand and for Indonesia to increase the entry of foreign direct investment to Indonesia.

Exploring the Extent and Impediments of Knowledge Sharing in Chinese Business Enterprise

2012 ◽  
pp. 266-290
Author(s):  
Wen Bing Su ◽  
Xin Li ◽  
Chee W. Chow
Keyword(s):  
Knowledge Sharing ◽  
Cultural Values ◽  
Global Economy ◽  
Chinese Firms ◽  
Developed Economies ◽  
Chinese Business ◽  
Number Of Factors ◽  
Wide Range ◽  
Chinese Cultural Values ◽  
Ownership Types

This study explores the extent and impediments of knowledge sharing in Chinese firms because they are becoming dominant entities in the global economy, yet limited research exists on this important aspect of their operations. Survey data are obtained from experienced managers of 164 Chinese firms from a wide range of industries, sizes, and ownership types. The responses indicate that knowledge sharing is not open and complete in Chinese firms. Similar to findings from developed economies in the West, a large number of factors impede knowledge sharing in Chinese firms. These range from Chinese cultural values—which had been identified as being important by prior China-based studies—to attributes of the firm (e.g., incentive system, communication channels, organizational culture), as well as those of knowledge holders and potential recipients (e.g., judgment ability, organizational commitment). Implications of these findings for practice and research are discussed.

Examining the role of logistics 4.0 enabled dynamic capabilities on firm performance

2020 ◽  
Vol 31 (3) ◽  
pp. 607-628 ◽  
Author(s):  
Surajit Bag ◽  
Shivam Gupta ◽  
Zongwei Luo
Keyword(s):  
Firm Performance ◽  
Operations Management ◽  
Structural Equation ◽  
Dynamic Capabilities ◽  
Organizational Capabilities ◽  
Technological Capabilities ◽  
Capability Development ◽  
Content Type ◽  
Questionnaire Online ◽  
Survey Responses

PurposeThe study investigates the effect of technological capabilities, organizational capabilities and environmental capabilities on Logistics 4.0 capabilities and also examines the effect of Logistics 4.0 capabilities on firm performance.Design/methodology/approachThe proposed theoretical framework is tested using WarpPLS 6.0 software. We selected samples from the Automotive Component and Allied Manufacturers in South Africa. Initially, we sent the structured questionnaire online using Google forms to 800 potential respondents. After doing follow ups, we received 230 completed survey responses. Further, data preparation is done using established scientific approach and we checked suitability of its use in structural equation modelling. After ensuring all necessary checks are completed, the results are found satisfactory to further proceed with testing of research hypotheses.FindingsIt is observed that technological capabilities, organizational capabilities and environmental capabilities show significant effect on Logistics 4.0 capabilities. However, the outcome of technological capabilities and environmental capabilities on Logistics 4.0 capabilities (ß = 0.27) is found stronger than organizational capabilities. Logistics 4.0 capabilities shows significant effect on firm performance.Practical implicationsIt is important that the sustainability goals are aligned with Logistics 4.0 strategies. Managers need to increase focus towards development of Logistics 4.0 dynamic capabilities that enhance agility and responsiveness in the supply chain. Managers should check the financial performance and market conditions continuously to further review logistics performance as this can influence the overall firm performance.Originality/valueThis study advances the literature on Logistics 4.0 applications in operations management by investigating the key links such as Logistics 4.0 capability development and firm performance.

A Conceptual Framework in Building Dynamic Capabilities in Highly Competitive Industry

2015 ◽  
Vol 21 (4) ◽  
pp. 800-804
Author(s):  
Hardijanto Saroso
Keyword(s):  
Conceptual Framework ◽  
Dynamic Capabilities ◽  
Organizational Capabilities ◽  
Television Industry ◽  
Time Dynamic ◽  
External Resources ◽  
Internal Resources ◽  
Competitive Industry ◽  
New Concepts ◽  
Entrepreneurial Leader

In highly competitive industry, as such in Indonesian Television Industry, the companies should have the ability to respond the competition, in a very narrow window time. Dynamic Capability concept from David Teece, Gary Pisano, and Amy Shuen is in an excellent concept in addressing this situation and became the central of thought in building organization capability to face the competition. Dynamic capabilities took a significant attention from researcher and continue to draw more new concepts and theories. However based on Jeffrey T Macher and David C Mowery, only few researchers focused to the organizational process in developing this capability inside the organizations. Organizational capabilities are built from organizational routines, structures, and processes. It also requires resources, which are available through internal development or acquisition, and lead by a manager or entrepreneurial leader that improve existing routine or create the new ones. The dynamic market forces the organization to explore and exploit the internal and external resources to reach a level of innovation and win the competition. An entrepreneur leader has a high potential to initiate exploitation of internal resources and exploration of external resources, as well as proactively initiate strategic and innovative steps, manage risk, in order to optimize the organization capability and gain competitive advantage. This paper intended to explore a conceptual framework to develop dynamic capabilities in the organization and bring Indonesian Television Industry into the discussion of industrial dynamic competition.

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