The paper 'Dragon Multinationals Management " is a good example of a management case study. Different accounts seem to provide different approaches to the understanding of the issue of globalization. In essence, globalization has been greatly influenced by the contribution of Multinational Companies (MNC). Newcomers as well as latecomers have played a unique role in the emergence of globalization. The underlying truth remains that giant companies are the key drivers to globalization. The term Dragon Multinational has been used to portray a new perspective of what has been regarded as key drivers of globalization (Mathews 2008, p.
163). In the recent past, it was considered that the companies driving the world’ s economy as well as globalization were from Europe, North America and Japan. There has been a complete paradigm shift in the past few years. There are four multinational companies that have been used to illustrate a new perspective on the growth of globalization. The four MNCs include Acer (an IT firm from Taiwan), Hong Leong Group of Hotels (Singapore), Ispat International (specializing in steel) and Li & Fung (Ramamurti2008, p.
75). These companies are mainly from the Asia Pacific. These companies indeed are newcomers in the industries. They come from regions that were previously considered peripherals in terms of contribution to world economic growth. They have adopted key and unique strategic goals that have challenged the incumbents in various sectors and industries (Lall 1983, p. 93-94). Some of the incumbents have been operating for quite some time and therefore being challenged requires a lot of work. This is exactly what the Dragon Multinationals have done. They have revolutionized various approaches to entrepreneurship.
Such companies have had to overcome a series of weaknesses and deficiencies in order to attain the level of performance they have attained. As of now, most of these firms are established as market leaders in different industries. These companies are defined by a number of characteristics that seem to cut across. Some of these identical characteristics include accelerated internationalization, strategic and organizational innovation, etc.
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