- List of Figures
- List of Tables
- Notes on Contributors
- Foundations of Business Groups: Towards an Integrated Framework
- Business Groups in Historical Perspectives
- Business Groups in Prewar Japan: Historical Formation and Legacy
- Business Networks in Postwar Japan: Whither the <i>Keiretsu</i>?
- Business Groups in South Korea
- Business Groups in Taiwan
- Business Groups in China
- Business Groups in Thailand
- Business Groups in Singapore
- Business Groups in India
- Business Groups in Argentina
- Business Groups in Brazil
- Business Groups in Chile
- Business Groups in Mexico
- Business Groups in Israel
- Business Groups in Turkey
- Business Groups in Russia
- Business Groups in South Africa
- Business Groups in Emerging Markets: Paragons or Parasites?
- The Riddle of the Great Pyramids
- Economic Institutions and the Boundaries of Business Groups
- Business Groups and the State: The Politics of Expansion, Restructuring, and Collapse
- Corporate Governance of Business Groups
- The Kin and the Professional: Top Leadership in Family Business Groups
- Diversification Strategy and Business Groups
- Capability Building in Business Groups
- Technological Innovation and Business Groups
Abstract and Keywords
The rise of large, diversified business groups in developing and newly industrialized countries has captured the imagination of academics, journalists, and policy-makers. This article argues that the rise of business groups is best approached from a resource-based perspective—that is, by looking at the distinctive capabilities, strengths, and weaknesses of this form of organization compared to other types of firms—such as product-focused firms, small and medium enterprises, and foreign multinationals—under different development circumstances. The main argument is that business groups appear in developing and newly industrialized countries because entrepreneurs and firms learn the capability to combine the necessary domestic and foreign resources for repeated industry entry. Such a capability, however, can be developed and maintained as a valuable and rare skill only under asymmetric foreign trade and investment conditions with the rest of the world.
Mauro F. Guillén is the Dr Felix Zandman Professor of International Management at the Wharton School of the University of Pennsylvania in the United States where he is also Director of the Joseph H. Lauder Institute for Management and International Studies. His research deals with globalization, the diffusion of practices, and cross‐border financial services. His most recent books are The Taylorized Beauty of the Mechanical (Princeton, 2006) and Building a Global Bank: The Transformation of Banco Santander (Princeton, 2008).
Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.
If you have purchased a print title that contains an access token, please see the token for information about how to register your code.