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The role of family conglomerates in emerging markets: What Western companies should know
Author(s) -
Kim Daekwan,
Kandemir Destan,
Cavusgil S. Tamer
Publication year - 2003
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.10108
Subject(s) - emerging markets , internationalization , diversification (marketing strategy) , business , latin americans , principal (computer security) , first mover advantage , competitive advantage , industrial organization , market economy , international trade , commerce , marketing , economics , finance , linguistics , philosophy , computer science , operating system
Abstract Large, diversified, family‐owned businesses are dominant players in the economies of most emerging markets and can be excellent businesspartners for Western companies. This article highlights the evolutionary patterns of family conglomerates (FCs) and delineates principaldrivers of their growth, expansion, and internationalization. Those aspects of FCs examined in this study include early mover advantages, foreignalliances, competitive market positioning, and diversification. Also discussed are entry‐mode considerations for Western companies contemplatingdoing business in the fast‐growth markets of East Asia, Latin America, and elsewhere. © 2004 Wiley Periodicals, Inc.