Global Oligopoly A Key Idea for Business and Society PDF
Preview Global Oligopoly A Key Idea for Business and Society
‘Chris Carr is analyzing globalization not on the level of firms or nation states, but on the level of industries. To this end, he has developed a rich and unique dataset that enable novel analysis industry structures worldwide. Most importantly, he shows that many industries develop oligopolistic structures not only nationally but globally. These insights and the data presented in this book provide essential insights for both businesses operating globally and for anyone interested in competition policy.’ Klaus Meyer, Professor of International Business, Ivey Business School, Western University, Canada ‘While popular attention has focused upon ecommerce, Chris Carr reminds us that many mature sectors too are dominated by a few global firms. Combining statistics with intimate case study data, Carr offers fascinating insights into the extent of global oligopoly, the performance of leading firms, and the reasons for their rise and eventual demise.’ Robert M. Grant, Professor of Management, Bocconi University, Italy ‘Oligopoly is an inadequately recognised fact of life in today’s globalised business world, which is often overlooked. This book shines much needed light on it and its implications for decision making in a multitude of areas. It will be of great help to those searching for guidance on how to select the most suitable strategies.’ Sally Stewart, formerly Head of the Department of Management Studies, The University of Hong Kong ‘What Japan used to call “keiretsu”, we now see its evolution into “global oligopoly”. This evolution in the relationships between global business, government and the marketplace is analysed in Prof. Chris Carr’s book – an extensive review of global economic power to identify its roots. Essential reading for students, practitioners and policy-makers involved with global business.’ Sukhavichai Dhanasundara, Visiting Professor, Lucerne University of Applied Arts and Sciences, Switzerland, and author of The Global Manager and Leader, Second Edition ‘The culmination of a lifetime of research, Carr achieves the best of both worlds, combining detailed data driven analyses with intensive field work and personal experiences in companies to enlighten our understanding of Global Competition.’ David Collis, Professor, Harvard Business School, USA ‘Different approaches to understanding the role of global oligopolies resemble an Indian fable of the blind men and elephant where each man comes to a different conclusion by touching one part of the elephant. Professor Carr’s comperehensive approach combines business strategy, economics and political economy aspects for holistic understanding of global oligopolistic competition. Global Oligopoly offers detailed accounts of different sectors as well as discussion of global competition through the theoretical lenses of Adam Smith, Karl Marx, John Maynard Keynes and Joseph Schumpeter. This book is a must read for students and scholars interested in global business, economics and political economy. A true masterpiece!’ Meelis Kitsing, Professor of Political Economy, Estonian Business School, USA GLOBAL OLIGOPOLY The era of globalisation brought waves of consolidation in business ownership alongside Leviathan-like state actors. Digital disruption too can leave market power in a relatively small number of hands. In organisational and economic terms, global oligopoly is now a fundamental idea for business and society, which this book explores and analyses. This book focuses on global oligopolies, starting with an analysis of global concentration and profits in all sectors, before moving on to illuminate the geographical spread and global strategic orientation choices and performance outcomes of global oligopoly. Contemporary cooperation modes, such as cross-border M&A and strategic alliances, niche and Emerging Market champion strategies are also analysed in detail to move the reader towards understanding likely future directions for the field. Presenting empirical data on strategies and performance outcomes, the book covers a range of industries to provide practical, research-based guidance for more effective global business strategies and policy perspectives. Chris Carr is Professor of Corporate Strategy at the University of Edinburgh, UK. Key Ideas in Business and Management EDITED BY STEWART CLEGG Understanding how business affects and is affected by the wider world is a chal lenge made more difficult by the disaggregation between various disciplines, from operations research to corporate governance. This series features concise books that break out from disciplinary silos to facilitate understanding by analys ing key ideas that shape and influence business, organisations and management. Each book focuses on a key idea, locating it in relation to other fields, facil itating deeper understanding of its applications and meanings, and providing critical discussion of the contribution of relevant authors and thinkers. The books provide students and scholars with thought-provoking insights that aid the study and research of business and management. Titles in this series include: Global Oligopoly A Key Idea for Business and Society Chris Carr Luck A Key Idea for Business and Society Chengwei Liu Feminism A Key Idea for Business and Society Celia V. Harquail Hierarchy A Key Idea for Business and Society John Child For more information about this series, please visit: www.routledge.com/ Key-Ideas-in-Business-and-Management/book-series/KEYBUS GLOBAL OLIGOPOLY A Key Idea for Business and Society Chris Carr First published 2020 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN and by Routledge 52 Vanderbilt Avenue, New York, NY 10017 Routledge is an imprint of the Taylor & Francis Group, an informa business © 2020 Chris Carr The right of Chris Carr to be identified as author of this work has been asserted by him in accordance with sections 77 and 78 of the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data A catalog record has been requested for this book ISBN: 978-0-367-31283-1 (hbk) ISBN: 978-0-367-31275-6 (pbk) ISBN: 978-0-429-31605-0 (ebk) Typeset in Bembo by Lumina Datamatics Limited In honour of those who made this book possible: my former colleagues at BAe Systems and GKN, executives interviewed worldwide, my students and, most of all, my wife Jenny. CONTENTS LIST OF FIGURES xii LIST OF TABLES xv PREFACE xix ABOUT THE AUTHOR xxi ACKNOWLEDGMENTS xxiii INTRODUCTION TO GLOBAL STUDY xxv PART I Global oligopolies, concentration, and consolidation processes 1 1 Global concentration, oligopolies, profit appropriations and perspectives 3 2 Sector global concentration trends and performance outcomes 23 3 Global winners, oligopolistic moves and outcomes in spirits sector 1939–2019 50 CHRIS CARR AND BENEDIKT SCHWITTAY PART II Global strategy orientations and performance 65 4 Global geographical coverage choices and outcomes 67 5 Global configuration analysis: the case of retail fashion 80 CHRIS CARR AND HANNE LEKNES
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