International Success of British Companies
George S. Yip,
Alan Rugman and
Alina Kudina
Additional contact information
George S. Yip: London Business School
Alina Kudina: University College London
No 2006-18, Working Papers from Indiana University, Kelley School of Business, Department of Business Economics and Public Policy
Abstract:
This paper examines the international success of British companies in a matrix combining global market share and international revenues. We identify those industry segments in which British companies are most successful internationally, and also investigate whether these are attractive industries in terms of profitability and growth. We find that the industries with the largest global market shares for British companies are Mining, Casinos (and Gaming), Oil Companies (Major), Distillers & Brewers, and Water Utilities. Four of the top ten might be considered to be “sin” industries. The industries with the highest international revenues are Precious Metals, Pharmaceuticals, Industrial (Diversified), Oil Companies (Secondary), and Mining. We also find that virtually all of the largest British firms average over a 10% global market share, in the “British Winners” segment of our matrix. However, we find the second measure, the extent of internationalization, to be ambiguous. The manufacturing (product-based) firms tried to be highly internationalized, as they compete globally, but the largest British services firms (financials, retailers) tend to have low internationalization, and therefore appear to benefit from a still somewhat regulated home market. In addition, British companies have done a good job of building up global market shares in higher growth industries. We provide recommendations for managers as to how British companies with different combinations of global market share and extent of internationalisation can improve their positions. Our methodology can also be applied to analyzing companies from other nations.
Date: 2006
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eec and nep-mkt
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Citations: View citations in EconPapers (6)
Published in Long Range Planning, 2006
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Persistent link: https://EconPapers.repec.org/RePEc:iuk:wpaper:2006-18
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