When Things Go Wrong

Michael Backman and Charlotte Butler

Chapter Strategy 25 in BIG in Asia, 2003, pp 304-317 from Palgrave Macmillan

Abstract: Abstract Disappointment and even disasters are more frequent than success for most foreign firms investing in Asia. These are often associated with the break-up of joint venture relationships and the consequent deterioration of the company’s investment. Sometimes the break-up is reasonably amicable, sometimes it can end in a protracted court case. An acquisition, too, is more likely to disappoint than prosper, and can be even more expensive if a firm paid a premium for what it thought was a rising star, only to discover it was a black hole. In many cases, Western companies decide to cut their losses and withdraw, but those who do often return to the region later, unable to resist the lure of those untapped markets, only to make similar mistakes. History repeats itself because few people listen sufficiently the first time around, and rarely are mistakes dissected. People are normally too busy ducking for cover.

Keywords: Original Equipment Manufacturer; Majority Shareholder; Forecast Revision; Detergent Powder; Export Quota (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-1448-4_25

Ordering information: This item can be ordered from
http://www.palgrave.com/9781403914484

DOI: 10.1057/9781403914484_25

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().