Business Strategy and Corporate Governance in the Chinese Consumer Electronics Sector

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Business strategies in the focal companies

Abstract:

A firm’s specific strategy selection is based on the careful evaluation of its unique resource portfolios. Two distinct ways of developing the resource and capability base of a firm are exploitation and exploration strategies. Informed by the literature on the institutional perspective and using the exploitation–exploration framework from Chapter 2, this chapter examines the coevolution of strategies with changes in the industry and the overall Chinese business environment.In a transition economy like that of China, how do exploitation and exploration strategies apply to firms? How have Chinese firms achieved a dynamic strategic fit between their changing environment and their resources ...