Emerging Country Multinational and their Impact on Europe WG2 update to MC Meeting Santander, Spain 7 th June 2013
Outline Progress Update Publication Q1and Q2, 2013 Research Projects White Goods sector WG2 subgroup Interdisciplinary Literature Review Potential Research Collaboration (Proposal) EC-MNCs investing in Europe Food sector Cambridge International Manufacturing Symposium September 2013 Disruptive supply network models in future industrial systems Keynote speakers, EC-MNCs special track, proposal for COST panel sessions
2013 Publication Srai, J.S. 2013, Value Chain Configurations of Emerging Country Multinationals. Competitive advantages of Emerging Countries multinationals, Editors Ramamurti, Williamson, Fleury, Cambridge University Press. - A commentary on papers by Fleury et al. (Chapter 5), Katkalo and Medvedev (Chapter 6), Athreye (Chapter 7) and Wang and Shi (Chapter 8) that consider aspects of value-chain configuration and subsidiary management of emerging market multinational enterprises (EMNEs), each building on studies from one of the four major BRIC countries. Rezk, R., Srai J.S. and Williamson, P. 2013, The implication of product and knowledge characteristics on value chain dispersion. Reading-'UNCTAD International Business Conference, Henley Business School, United Kingdom An interdisciplinary study (IB & OM) taking a product (micro) level analysis. This paper presents a two-stage framework that distinguishes between viable dispersion options that are determined by the physical and cost characteristics of the underlying product value chain and the required knowledge flow within it (currently being developed for MBR) Rezk, R., Srai, J.S.,and Williamson P., 2013. Understanding the constraining impacts of product attributes on value chain configuration and dispersion. 20th International Annual EurOMA Conference, Dublin, Ireland
WG2 subgroup Collaboration white goods Project lead - Michał Zdziarski Purpose/Aim: Explore the strategic difference among EC- MNCs, as well as, the difference between EC-MNCs and DC- MNCs. Profiling/mapping EC&DC MNCs configuration in Europe (Composition of suppliers, retailers, agglomeration in specific European locations, specialisation in market niches) Next steps Abstract submission for Cambridge International Manufacturing Symposium - 19 and 20 September 2013 with potential publication March 2014 STSM proposal for Michal in Cambridge
Literature Review Interdisciplinary Review This research project draws on four different academic disciplines strategic management, political economy, international business and operations management Team Members Caner Bakir, Louis Brennan, Jeremy Clegg, and Jag Srai, Purpose: investigate the motives and determinants of emerging countries multinationals corporations (EMNCs) foreign direct investments. Using a comparative analysis approach drawing on alternative research methodologies and theories, informed by sector/country studies. The research follow a multidisciplinary approach, in which a series of separate investigations from different disciplines will be conducted independently followed by an interdisciplinary approach where the gap and overlap analysis between the four streams of literature were identified. The review aims to identify areas for building more integrated approaches across the research hdisciplines i and potential cross-cutting themes for future research Action: Jag to co-ordinate and build an integrated view with different team members (Dublin, June 2013, liaise with Louis Brennan - SM/OM perspective)
Potential Research Collaboration Emerging market characteristics and supply network adjustments in internationalising food supply chains Phase 1: DC-MNCs investing in emerging markets; The effect of emerging market characteristics on supply network design is explored through case studies involving international food manufacturers entering emerging markets (IJPE paper) Phase 2: EC-MNCs investing in developing markets (Europe) Food sector study Harry Lorentz TURKU school of Economics. Operations and supply ppy chain mgmt & Jagjit Singh Srai Centre for International Manufacturing, Cambridge. Checking with Finland national co-ordinator for STSM possibilities.
Cambridge International Manufacturing Symposium, 19-20 Sep, 2013 Disruptive supply networks Emerging global industrial systems and ecosystems Design and coordination of international manufacturing networks and supply chains Configuring sustainable supply networks Global value chains and emerging multinationals Risk and resilience of global supply networks GVC and EC-MNCs: What is the impact of the emergence of new MNCs on the configuration of manufacturing activities worldwide? What drives a firm s strategic choices for international dispersion? Comparative country and sectoral studies.
Cambridge International Manufacturing Symposium, Sep 2013 Keynote speakers Professor Thomas Choi: Bob Herberger Arizona Heritage Chair at W. P. Carey School of Business, Arizona State University. He serves as Director of the Center for Supply Networks (CaSN) Professor Michael Jacobides: Associate Professor of Strategic and International Management at London Business School, and Sumantra Ghoshal Fellow at the Advanced Institute for Management Research. Recent industrial participants... ABB, Aggreko, ALPS Electric (UK), APV, Arup, AstraZeneca, BAE Systems, Beiersdorf AG, Bombardier, BP Solar, Cadbury, Carl Zeiss, Caterpillar, Cisco, Danfoss, Diageo, Domino, Electrolux, Fujitsu-Siemens Group, GKN, GlaxoSmithKline, Grundfos, Hewlett Packard, Honeywell, Huawei, Jaguar Land Rover, Jeyes, Johnson Matthey, Kraft Foods, The LEGO group, Linde, Mars, Maruti Suzuki, Morgan Crucible, Nestlé, P&G, Philips, Reckitt Benckiser, Rolls-Royce, Schneider Electric, Sealed Air, Shell, Siemens, Smiths Group, Unilever, Wärtsilä, Wavin, WABCO, Yamazaki
Cambridge International Manufacturing Symposium, Sep 2013 Last year COST supported WG2 Subgroup meetings to discuss potential collaboration opportunities (Literature Review, White goods sectoral study, Grant proposals) 3 Panel Sessions aligned with the symposium theme New industrialised economies and the internationalisation of emerging country multinationals Expert Invitation Prof. Ram Mudambi: Department of strategic mgmt, Temple University, USA A global value chain approach to emerging catch-up This year proposal Organise Group meetings (as needed) E.g. WG2: White Goods STSM & Inter-disciplinary literature review Organise panel and plenary sessions to align with this year GVC and EC-MNCs theme