Preview

Byd Exporting Strategy

Powerful Essays
Open Document
Open Document
4237 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Byd Exporting Strategy
International e‐Journal of Business & Technology Leadership

2012

Successful Entrepreneurship and Innovative Strategies in China: The Experience of BYD

Jane P. Wu, Professor, HSBC Business School, Ya-Ting Kuo,

Peking University National

Ph.D. Candidate, Dep. of Business Administration, Taiwan University

Abstract
BYD Company Limited (BYD for short), a Chinese IT and Auto corporation, drew global attention due to being the second largest mobile energy supplier in the world and a leading rechargeable battery manufacturer as well as auto maker. Its legendary founder and CEO, Wang Chuanfu, is appraised by Fortune as ‘a combination of Thomas Edison & Jack Welch’ and a typical miniature of the Chinese entrepreneurs for the past 30 years. This article aims to analyze what BYD’s success comes from. On one hand, the innovative R&D and production modules have created its competitive advantage with a solid core competence in the market. On the other hand, its internationalization strategy has facilitated a swift expansion capturing a large market share in a short period of time. By analyzing and integrating the results of case study, we find the importance of success factors for manufacturing industry in BYD. The main conclusions of this study are as the following: 1. The importance of successful entrepreneurship of the founder of BYD. 2. The importance of successful innovative strategies focused on "hardly imitative technology", "difficultly substitute product", and "more flexible organization".

Keywords: entrepreneurship; innovative strategies;

27

International e‐Journal of Business & Technology Leadership

2012

1. Introduction In a world of ever increasing global economy, the idea of entrepreneurial leadership has become a crucial theme that leaders and managers need not only be aware of conceptually but also understand in order to be able to strategize and position for organizational viability. In order to succeed and make a
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    QHT1 Task 3 final
    • 412 Words
    • 2 Pages

    QHT1 Task 3 final

    In Business today the Entrepreneurial Organizations continue to grow, thrive and help change the way companies and people do business. These Entrepreneurial changes that happen internal to large organizations or at small start-up companies all have some of the same traits in common with each other and use some of the same tactics to create business opportunities. Some of the traits they share to promote their business are: Individual action and initiative, Innovation, Differentiation and Risk Taking.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Terrell Gatewood Case
    • 540 Words
    • 3 Pages

    Terrell Gatewood Case

    On Tuesday April 4, 2017, Terrell Gatewood, was the guest speaker for my Organizational Leadership class. Entrepreneurs are driven by many things. Sometimes it’s an experience that has had a huge impact on one’s life. Such is the case of Mr. Gatewood who’s start from very humble beginnings drove him on an extraordinary journey to better himself. The purpose of this paper is to discuss Mr. Terrell Gatewood.…

    • 540 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Hcs 567 Entrepreneurial Process Paper
    • 1157 Words
    • 5 Pages

    Hcs 567 Entrepreneurial Process Paper

    The entrepreneurial process is a “set of stages and events that follow one another” (Nassif, Ghobril, & da Silva, 2010). The entrepreneur is the practitioner which owns or manages their a business at their own risk (Brixy, Sternberg, & Stuber, 2012) and possesses traits such as creativity, risk taking and change agents. The entrepreneur must also be familiar with the four steps of the entrepreneur process and has the ability to utilize this process effectively and efficiently. The entrepreneurial process consists of four steps which are interdependent with each other and yet each remains independent, this paper will examine those steps as well as their importance to the individual as well as at the…

    • 1157 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    A Chinese Technology Company for Sale
    • 1002 Words
    • 5 Pages

    A Chinese Technology Company for Sale

    What are the objectives of different parties on the sellers' side? Specifically, what are the objectives of Indivers? Of QI-TECH's local management? Of QQMF? Of Roger Kollbrunner?…

    • 1002 Words
    • 5 Pages
    Good Essays
    Read More
  • Powerful Essays

    Interview with a Healthcare Leader
    • 1681 Words
    • 7 Pages

    Interview with a Healthcare Leader

    Leadership is generally thought of as a one of the most important components to the success of a company. There was three main points |to distinguish} a leader: having people to lead, having certain skills to achieve} the company 's objectives, focusing on} accomplishing goals. Nowadays, in a dynamic, high competitive market understanding leadership is very |crucial for} any heath care facility. A Company cannot be innovative and competitive without comprehending the importance of leadership. The pace and nature of change in today 's dynamic health care system. Requires new different types of organizations, along with a} new style of, leadership - entrepreneurial (Tarabishy, Solomon & Fernald, 2002). The entrepreneurial leadership is one of an enterprising, transformational leader who operates in a dynamic market which offers lucrative opportunities. According to Sashkin (1995), the entrepreneurial leader has the following transformational leader dimensions: clarity, communication, consistency, caring, creating opportunities, self-confidence, power need and its use, and vision. Besides all of these, the entrepreneur part of entrepreneurial leadership is the ability to recognize opportunities within a dynamic market and “the capacity to} build, share, and leverage knowledge” that “will replace the ownership and/or control over assets as a primary way to obtain competitive advantage (Ireland and Hitt, 1999).…

    • 1681 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Better Essays

    Traits and Skills Theory: A Doctoral Learner Comparison Approach in Understanding Leadership Traits and Skills Essay Example
    • 1307 Words
    • 6 Pages

    Traits and Skills Theory: A Doctoral Learner Comparison Approach in Understanding Leadership Traits and Skills Essay Example

    Connelly, et al (2000) argues that, “the nature of the leader capacities impact leader behavior and performance.” Baum and Locke (2004) study “contributes to the revival of interest in understanding the effects of entrepreneurs’ personal characteristics importance between relationship of traits and subsequent venture growth among entrepreneurs.”…

    • 1307 Words
    • 6 Pages
    Better Essays
    Read More
  • Good Essays

    Transformational vs Transactional Leadership
    • 2759 Words
    • 12 Pages

    Transformational vs Transactional Leadership

    2. Hall, A.(2007). Entrepreneurial leadership: A Profile of Herb Kelleher and Southwest Airlines. Retrieved from http://www.arichall.com/academic/papers/om8107-entrepreneurial-ldrs.pdf…

    • 2759 Words
    • 12 Pages
    Good Essays
    Read More
  • Powerful Essays

     Understanding the Importance of Entrepreneurialism
    • 2100 Words
    • 9 Pages

     Understanding the Importance of Entrepreneurialism

    Entrepreneurs produce solutions that fly in the face of established knowledge, and they always challenge the status quo. They are risk-takers who pursue opportunities that others may fail to recognize or may even view as problems or threats. Whatever the definition of entrepreneurship, it is closely associated with change, creativity, knowledge, innovation and flexibility-factors that are increasingly important sources of competitiveness in an increasingly globalized world economy. Thus, fostering entrepreneurship means promoting the competitiveness of businesses. Entrepreneurship and…

    • 2100 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Good Essays

    Leadership Comparison Essay
    • 649 Words
    • 3 Pages

    Leadership Comparison Essay

    In conclusion, it’s hard to combine the three elements of leadership, entrepreneurship, and strategy to be successful, but it’s not impossible! The three examples I presented in this essay are proof that we can combine these elements into a cocktail that would bring us…

    • 649 Words
    • 3 Pages
    Good Essays
    Read More
  • Best Essays

    Tesla, SpaceX and Google
    • 2758 Words
    • 11 Pages

    Tesla, SpaceX and Google

    This report has been written to evaluate and analyse the leadership style, motivational strategy and culture of two business entrepreneurs and what drives them towards success.…

    • 2758 Words
    • 11 Pages
    Best Essays
    Read More
  • Best Essays

    Organizational Decline
    • 2602 Words
    • 11 Pages

    Organizational Decline

    It’s not difficult to establish a new business organization when there is new business opportunity in a fast growing market especially in a developing country like China. In the beginning stage of some market segment, demand is strong and competition is not keen so resources are easy to obtain. The level of uncertainty is low with simple, stable and rich environment. Organizations are born to take advantage of market opportunities to utilize resources to create value. Tushman and O'Reilly (1996) investigated the life cycles of organizations and found that across industries, there is often a pattern in which success precedes failure.…

    • 2602 Words
    • 11 Pages
    Best Essays
    Read More
  • Powerful Essays

    Analysis
    • 8317 Words
    • 34 Pages

    Analysis

    4. Burns, P. (2008) Corporate Entrepreneurship, building an entrepreneurial organization. 2nd ed. New York: PALGRAVE MACMILLAN.…

    • 8317 Words
    • 34 Pages
    Powerful Essays
    Read More
  • Best Essays

    Why Small Businesses Fail to Grow?
    • 2728 Words
    • 11 Pages

    Why Small Businesses Fail to Grow?

    These words represent one of the strongest motivations by which individuals seek to become entrepreneurs. An entrepreneur can simply be defined as someone who undertakes and operates a business venture. History has shown that many have chosen to chart this course of self employment in a bid to play a role in determining their own destinies. However, the process of undertaking the business venture is where the challenges and problems lie. There are a number of factors that could ultimately lead to the downfall of small businesses such as: the failure to draw a proper business plan, insufficient capital, entry of a new competitor, having a seasonal business; to mention a few. These factors can be grouped as internally generated; when caused by the entrepreneur himself, and externally generated, when caused by outside forces beyond his/her control.…

    • 2728 Words
    • 11 Pages
    Best Essays
    Read More
  • Good Essays

    The Road to the Self-Reliance New Product Development of Hyundai Motor Company
    • 11176 Words
    • 45 Pages

    The Road to the Self-Reliance New Product Development of Hyundai Motor Company

    ============================================================================== This paper traces the new product development of Hyundai Motor Company, Korea, which, since its foundation in 1967, has maintained the self reliance strategy, particularly in new product development. Business strategy of Hyundai contrasts sharply with other auto makers in developing countries as well as to other Korean makers. In spite of a late entrance to the auto business, this unique strategy has led Hyundai to becoming a market leader in Korea and to becoming the thirteenth producer in the world-recording an output of over one million in 1994. Hyundai Motor has a aggressive plan with a goal to be within the 10 top auto makers by 2000 (Global Top-10 plan) but the process of accumulating the technological resources the company needs is not yet well established. The intent of this paper is to provide readers with a basic understanding of Hyundai 's approach in new product development under internationally oligopolistic markets and how it has accumulated technological resource capability in relation with foreign alliances. The research…

    • 11176 Words
    • 45 Pages
    Good Essays
    Read More
  • Powerful Essays

    prada leadership
    • 1266 Words
    • 4 Pages

    prada leadership

    Leadership has becomes a widely discussed topic as its great importance to the current society. The 21st century has saw many significant evolutions including globalisation, development of internet and expanding social demands, and such changes have posed greatest opportunities ever to leaders of entrepreneur(Darling & Beebe, 2007). As a result, it is vital to entrepreneur leaders to fulfill their role as leaders through highly effective leadership. The essay firstly discussed leadership types established by Darling and Leffel (2010). Then it analysed how Muccia Prada applied Director and Creator types of leadership to her career. Finally, it argued the mixture of these two types of leadership made her a highly effective leader.…

    • 1266 Words
    • 4 Pages
    Powerful Essays
    Read More

Related Topics