Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage - Article Example

Comments (0) Cite this document
This paper evaluates the various strategies used by Taiwan’s latecomer firms to overcome barriers to entry and gain competitive advantage. Taiwan is industrializing economy that has rapidly grown over the past few decades to become some of the greatest economies in the region…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.6% of users find it useful
The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage
Read TextPreview

Extract of sample "The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage"

Download file to see previous pages It is evidently clear from the discussion that Taiwan together with South Korea, Singapore, and Hong Kong form part of the four newly industrializing economies (NIEs) of East Asia that have rapidly risen over the past few decades to become major global economic powers. Despite being latecomers in the region, many firms in Taiwan have gradually developed their innovation capabilities within a short span of time to become major rivals to the well established multinational corporations (MNCs) from Japan, Europe and America. The spectacular success of the Taiwanese firms in overcoming latecomer disadvantages and catch up with early movers is largely attributed to their successful application of a mix of corporate strategies designed to enable them to overcome entry barriers and gain competitive advantage. As Asia continues to take over the global economy, there are some issues with regard to how the firms in this region are able to compete in the global market. Specifically, the firms that have entered the Asian market late have even more challenges with regard to catching up with those that are already established. These firms are called latecomers and have many challenges with regard to entry and how they are able to keep up not only in the global arena but also with the other giants in the local market who are already established. One such area that these firms seem to be lagging behind in the area of technology acquisition. Latecomers in the Taiwanese market have to deal with the fact that technology in this region has not matured like in the west. How these firms decide to use a specific strategy for transferring the technology is determined by the business strategy they use. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage Article”, n.d.)
The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage Article. Retrieved from
(The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage Article)
The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage Article.
“The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage Article”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage

How firms gain competitive advantage in the changing business dynamics

...? Change: How firms gain competitive advantage in the changing business dynamics Executive Summary In the current environment of volatility and rapidly transforming socio-economic and political imperatives, the change management has increasingly become key element of competitive advantage for the business organizations. The need to identify the drivers of change and incorporating the same within the business strategies by organizational leadership has become top priority for mot only to succeed but also to survive. The five authors discussed in the paper it helps them to understand, anticipate, evaluate and analyze...
13 Pages(3250 words)Essay

How do companies use global strategy to gain competitive advantage through standardisation of product and service on a worldwide basis. It has also been termed as the action plan for the companies to operate in different regions of the world. These are the strategies that are mostly used by big companies in their operations in many countries. It is useful with regard to gaining competitive advantage for the firms over their competitors in the global arena. These strategies are also defined as strategies that are developed for outside of own country. It has been observed that the success and failure of firms in their global operations depend on various aspects and...
12 Pages(3000 words)Essay

Competitive Advantage into true competitive advantage. Organisational resources and capability is crucial competitive advantage source for the success and growth of the organisation in the marketplace (Porter, 2004). This is because it focuses on how resources and capabilities can be changed to organisational competencies, which can translate to competitive advantage. Experts believe that through resources and capabilities of the firm, it can adopt core competencies that are valuable and that can translate to superior performance and growth enabling the company to gain competitive...
5 Pages(1250 words)Research Paper

Competitive Advantage

...Competitive Advantage Competitive advantage is that which an organization occupies in its own competitive arena. According to Collis and Hussey (2003), competitive advantage is realized when firm earnings are more than the expenses, at this point the firm is said to be achieving some economic rent. It is the economic rent that makes most competitors imitates other companies competitive advantage thus it becomes impossible for any given company to sustain its competitive advantages a longer duration of time. However, a company can have some positions, strategies and processes that are hard to be copied by other companies. In such a scenario the firm will be able to sustain its competitive advantage. This becomes a great advantage... to the...
8 Pages(2000 words)Case Study

Marketing. Firms gain competitive advantage

...Marketing: "The Role of FedEx and UPS in the New Logistics" Executive summery Firms gain competitive advantage by conceiving new ways of conducting activities, employing new procedures, technologies, inputs or channels of distribution. Redesigned of 'place' notion has a profound impact on organizational efficiency and can even lead to new organizational structures, products, and services. Both FedEx and UPS use information technology recasting the process of management, providing powerful new capabilities to help managers strategize and plan, organize, lead, and control. Companies may decide not to automate, rationalize, or reengineer place functions, but logistics...
6 Pages(1500 words)Case Study

Competitive Advantage

...sells in cash, as opposed to the competitors who offer cash and credit card services. Creating consumer awareness is a vital marketing tool (Daviron & Ponte, 2006). Tim’s Coffee Shoppe has not invested enough in advertising. This has given the rivals an added advantage over Tim’s Coffee Shoppe. Tim Hortons undertakes intensive and extensive advertising, thus constituting a major strength in that line. There is need for Tim’s Coffee Shoppe to diversify its advertising strategies and practices. In conclusion, Tim’s Coffee Shoppe outperforms Queequeg’s Coffee in terms of general competition, but it is outperformed by Tim Hortons in the same respect. To stand out over the competitors, Tim’s...
4 Pages(1000 words)Research Paper

Competitive Advantage

...Competitive advantage It is the desire of every company or organization to the on top of its game in all areas. This is better termed as competitive advantage and its entails a company having pool of dynamic skills, strengths and abilities that will propel it far above its competitors. In addition to being the very best in the industry, some companies find it more appropriate to differentiate their products and services from those of other companies (Pearce & Robinson, 2012). In an effort to create an edge in competitive advantage, it is advisable to factor in all areas such as cost, differentiation and speed (Pearce & Robinson, 2012)....
1 Pages(250 words)Assignment

Competitive Advantage

...Barnes & Noble is the industry leader in the book industry. The company generated $7.13 billion in sales in (Barnesandnobleinc, . The organization holds various competitive advantages over a small bookstore. As a public company whose stocks are traded in the New York Stock Exchange Barnes & Noble has greater access to capital than small bookstores. The firm has the ability to raise capital through the sale of stocks and bonds. The company also has a superior marketing and advertising budget which has enabled Barnes & Noble the ability to build brand value. Barnes & Noble has the greatest product variety in the industry in both books and e-books. Due to the size of the company the firm is in a better position to offer lower prices... & Noble...
1 Pages(250 words)Assignment

How Dell Uses Effective Strategy to Gain Competitive Advantage Austin. The time frame spent in the market is an indication that the firm has gained experience over the years, and, hence, the reason for its presence in the market. Fundamentally, Dell Corporation has attained their positive results in the market due to a great strategy, superb execution and a well-modified leadership approach (Ireland et al., 2011). This document illustrates to the reader how Dell Corporation effective strategy has been put into practice to gain competitive advantage. Significantly, the paper entails on how Dell Corporation has utilized the direct sales strategy to...
10 Pages(2500 words)Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Article on topic The Strategy of Taiwans Latecomer Firms to Gain Competitive Advantage for FREE!

Contact Us