Plenary Panel Session Revisiting the Geographic Space of Value Creation and Appropriate from the Complementary Assets Framework. Presented at SMS Paris - September 25, 2018
In the world dominated by MNCs, what can companies from emerging markets like India do to become world class companies?
What factors affect the growth of a company?
To get answers for these many related questions, go through this presentation of my group
Hostility could drive strategic behavior. And corporate finance could provide an arena. Competitors, shareholders, credit raters or even governments could initiate the measure. Except for hostile takeovers, this hostile strategic behavior is seldom addressed within strategy frameworks. And is seldom related to a defensive profile or a repulsive strategic move.
The following article is an attempt at identifying the premises and framework of this hostile strategic behavior within corporate finance. The article gives a definition to corporate finance related strategic hostile behavior, explores the motivations, lists the players, analyses the strategies and explores possible defenses. An integrative conceptual and operational model follows.
The article is based on contemporary work on strategy as well as corporate finance. The conclusion, and the ensuing model, could have a far reaching applied value at both strategy formulation and corporate finance levels.
In this presentation, we will discuss the value chain and all the primary activities involved. Strategy and decision making procedure, indicators of market potentials, types of strategies is discussed here. We will talk about strategic alliances, managing cooperative strategies, material management in global business, production system model, locating manufacturing facilities, and various other decision making processes.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
Penetrating Heavily Regulated French Market - Case Study
The four case studies presented relate to the questions on the next slide regarding Professor Pankaj Ghemawat's Harvard Business Review (2001) article on "Distance Still Matters."
This is an extended and longitudinal analysis of Samsung and Intel that began in 2003 to 2018. Since I began writing this analysis in November 2013, it didn't seem as though there would be an interest in it, until Samsung overtook Intel as the #1 electronics / semiconductor in revenues. It will remain to be seen whether you too can take learning's from Samsung's rise and how it toppled an Industry giant.
The paper opens with an overview of the
commodity trading advisor (CTA) sector, highlighting the
significant growth that has taken place in the managed
futures industry in recent years and explaining how
the managed futures strategies that CTAs employ
work in practice. The breadth of sub-strategies under
the managed futures umbrella are then examined.
The third part of the paper examines the benefits and
perceived risks to investors of allocating to managed
futures strategies and also addresses various common
misunderstandings about CTAs.
The paper concludes by exploring the common ways
as to how investors can access the various investment
strategies that are available
Foreign Direct Investment (Theories of FDI)Mamta Bhola
the opening up of the national frontiers has led to a tremendous cross border movement of capital. This has led to a large number of MNC's that have invested foreign capital in a number of countries. MNC's through FDI have expanded their business operations to a large extent.
In the world dominated by MNCs, what can companies from emerging markets like India do to become world class companies?
What factors affect the growth of a company?
To get answers for these many related questions, go through this presentation of my group
Hostility could drive strategic behavior. And corporate finance could provide an arena. Competitors, shareholders, credit raters or even governments could initiate the measure. Except for hostile takeovers, this hostile strategic behavior is seldom addressed within strategy frameworks. And is seldom related to a defensive profile or a repulsive strategic move.
The following article is an attempt at identifying the premises and framework of this hostile strategic behavior within corporate finance. The article gives a definition to corporate finance related strategic hostile behavior, explores the motivations, lists the players, analyses the strategies and explores possible defenses. An integrative conceptual and operational model follows.
The article is based on contemporary work on strategy as well as corporate finance. The conclusion, and the ensuing model, could have a far reaching applied value at both strategy formulation and corporate finance levels.
In this presentation, we will discuss the value chain and all the primary activities involved. Strategy and decision making procedure, indicators of market potentials, types of strategies is discussed here. We will talk about strategic alliances, managing cooperative strategies, material management in global business, production system model, locating manufacturing facilities, and various other decision making processes.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
Penetrating Heavily Regulated French Market - Case Study
The four case studies presented relate to the questions on the next slide regarding Professor Pankaj Ghemawat's Harvard Business Review (2001) article on "Distance Still Matters."
This is an extended and longitudinal analysis of Samsung and Intel that began in 2003 to 2018. Since I began writing this analysis in November 2013, it didn't seem as though there would be an interest in it, until Samsung overtook Intel as the #1 electronics / semiconductor in revenues. It will remain to be seen whether you too can take learning's from Samsung's rise and how it toppled an Industry giant.
The paper opens with an overview of the
commodity trading advisor (CTA) sector, highlighting the
significant growth that has taken place in the managed
futures industry in recent years and explaining how
the managed futures strategies that CTAs employ
work in practice. The breadth of sub-strategies under
the managed futures umbrella are then examined.
The third part of the paper examines the benefits and
perceived risks to investors of allocating to managed
futures strategies and also addresses various common
misunderstandings about CTAs.
The paper concludes by exploring the common ways
as to how investors can access the various investment
strategies that are available
Foreign Direct Investment (Theories of FDI)Mamta Bhola
the opening up of the national frontiers has led to a tremendous cross border movement of capital. This has led to a large number of MNC's that have invested foreign capital in a number of countries. MNC's through FDI have expanded their business operations to a large extent.
The secret way to sell pi coins effortlessly.DOT TECH
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
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Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
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+12349014282
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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Capturing Value From Innovation: The Role of Geography and Market Access in a Mercantilist World
1. CAPTURING VALUE FROM INNOVATION:
THE ROLE OF GEOGRAPHY AND MARKET
ACCESS IN A MERCANTILIST WORLD
Plenary Panel Session: Revisiting the Geographic
Space of Value Creation and Appropriate from the
Complementary Assets Framework
SMS Paris
September 25, 2018
David J. Teece
Haas School of Business, University of California,
Berkeley
2. CAPTURING VALUE FROM INNOVATION:
THE ROLE OF GEOGRAPHY AND
MARKET ACCESS
1. Nonlinear but recognizable elements in innovation include:
1. Basic research
2. Problem-oriented (applied) research
3. Development and user-focused demonstration
4. Widespread use
2. National policies and corporate strategies and capabilities
impact 1 – 5 and interact to determine commercial
outcomes for pioneering firms and pioneering nations.
2
1. Basic Research 4. Widespread use
2. Problem-oriented (applied)
research
5. Value capture and reinvestment
through product sales (which
requires market access)
3. Development and user-focused
demonstration
3. PROFITING FROM INNOVATION
IN A SEMI-GLOBALIZED
MERCANTILIST WORLD
• “Mercantilist” Countries: Look to capture spillovers,
usurp (leapfrog) the pioneer, and maximize value
capture at home.
• “Open” Countries: Look to maximize (short-term)
shareholder wealth.
• Short-term (US, UK, …)
• Longer-term (Germany, Japan, …)
3
4. PROFITING FROM INNOVATION
IN A SEMI-GLOBALIZED
MERCANTILIST WORLD
• Trade theory does not recognize heterogeneity for
business enterprises. Nor does it incorporate any
notion of capabilities and learning.
• Technology leakage/theft issues are outside of
standard economics, and, to some extent the business
strategy research.
• Without value capture, reinvestment cannot occur, and
competitive advantage is impaired.
• Value capture for the nation state is different from
value capture for the enterprise.
4
5. PROFITING FROM INNOVATION
IN A SEMI-GLOBALIZED
MERCANTILIST WORLD
• The PFI (capturing value) framework can incorporate
geography through various “handles:
• Location of critical co-specialized inputs
• Appropriability regimes
• Standards and timing
• Market access rules/constraints
5
6. PROFITING FROM INNOVATION
IN A MERCANTILIST WORLD
PFI basic framework assumes open market access, but made a prescient statement:
“In regimes of weak appropriability, GOVERNMENTS CAN MOVE TO SHIFT THE
DISTRIBUTION OF THE GAINS FROM INNOVATION AWAY FROM FOREIGN INNOVATORS
AND TOWARDS DOMESTIC FIRMS BY DENYING INNOVATORS OWNERSHIP OF SPECIALIZED
ASSETS. The foreign firm, which by assumption is an innovator, will be left with the option of
selling its intangible assets in the market for knowhow if both trade and investment are
foreclosed by government policy... Licensing may then appear profitable, but only because
access to the complementary assets is blocked by government. Thus when an innovating firm
generating profits needs to access complementary assets abroad, host governments, by
limiting access, can sometimes milk the innovators for a share of the profits.”1
6
1D. Teece, “Profiting from Innovation,” Research Policy, December 1986, p. 303
7. STATE ACTIONS THAT CORRODE
APPROPRIABILITY REGIMES
Variable PFI Rule
Corrosive State
Actions
Weak IP Pioneer integrates Block DFI, Steal trade
secrets
Co-Specialized Assets
Critical
Pioneer builds/owns/
obtains exclusive
access to
co-specialized assets
Block access to co-
specialized assets
(investment controls;
market access
controls)
Standards Pioneer takes
leadership
Challenge leadership
Timing Pioneers keeps
options open
Invest in all options
Market Access Denies or frustrates
market accessibility
7
8. “FEARLESSLY SWIMMING
UPSTREAM TO RISKY WATERS”1
• Pioneers can create imitation barriers through creating
causal ambiguity
• Value chain locational decisions animated by “strategic
disassembly” to help blunt trade secret theft
8
1Lampert, et. al., “Fearlessly Swimming Upstream to Risky Waters; The Role of
Geographic Entry in Innovation”, 2016
9. OBSERVATIONS
• Co-specialized bottleneck assets (not just
complements) framework is robust enough to allow
analysis of today’s corroded global order.
• Markets access is a legal construct:
• It can be thought of as a complementary asset
• It can also be thought of as a dimension of the
appropriability regime.
• I prefer the latter.
9
10. OBSERVATIONS (CONT’D)
• “Strategic factor markets” concept ignores complements (unless
they can be redefined as ‘factors’) and ignores strategic denial of
market access by nation states.
• Profiting from innovation is a more robust framework – although
market access mentioned but not fully integrated into the
framework.
• Appropriability regime manipulation is commonplace outside of
North America and Europe:
• Mercantilist nations can strategically enforce and strategically
undermine appropriability of pioneers from abroad
• Are nationally and regionally specific (even US trade secret law is
state law) but patent law is now centralized (pre-1982 it was
circuit specific)
• Appropriability regimes can be selectively manipulated –they are
not just a feature of the business environment
10