Authors: Belle Selene Xia
Addresses: Department of Economics, University of Helsinki and HECER, P.O. Box 17, Arkadiankatu 7, FI-00014, Finland
Abstract: In the present study, we aim to evaluate the growth strategies in terms of internationalisation and business scope expansion for high-tech firms operating in the technology industry. Our paper focus on the dynamic nature of growth and market dominance based on the management insights from a global oligopoly. Our research problem is what are the value maximisation strategies for high-tech firms to manage growth? We will elaborate on the concept of growth and detail some of the aspects in managing growth by formulating a framework for achieving market domination. The scope of our study takes into account the evolution of oligopolies and the technology industry. As a result, growth strategies that well address the firm structure as well as the surrounding environment are decisive in gaining market dominance. The agile use of strategic alliances is found to be one of the most effective means of growth when entering foreign markets.
Keywords: growth; internationalisation; business scope expansion; strategic management; innovation.
International Journal of Business Competition and Growth, 2017 Vol.6 No.1, pp.1 - 11
Received: 22 Dec 2016
Accepted: 10 Jan 2017
Published online: 13 Oct 2017 *