|
Brand Globalization Paths of Chinese Central State-owned Enterprises in Foreign Markets Along the Belt and Road: A Dual Case Study on Sinoma Cement and CNPC Richfit
Yu Chunling, Liang Lugi, Zhang Shuo, Zhou Lei
Journal of Marketing Science
2024, 4 (1):
139-157.
In the context of the“domestic market's great circulation”and the“dual circulation of domestic and foreign markets”, global strategies of Chinese enterprises, especially in the markets along the Belt and Road, have attracted great attention in both industrial and academic fields. Based on the perspective of the Global Marketing Strategy Model, Institutional Theory and Resource-Based Theory, this research targeted Chinese central state-owned enterprises, and used dual-case study to explore their specific paths and mechanisms of brand globalizations in the countries along the Belt and Road. Research questions included the followings:(1) the advantages and challenges of Chinese central state-owned enterprises during the globalization process; (2) the stages of brand globalization; (3) the international marketing capabilities deployed to improve legitimacy and to establish competitive advantages. The conclusions demonstrated that motivated by internal and external factors, brand globalizations of Chinese central state-owned enterprises involved three stages:brand entry, brand differentiation and brand image cultivation. In each stage, enterprises needed to obtain externally cognitive, moral and pragmatic legitimacy respectively. Responsively, their internal resources, from the Chinese government, domestic business networks and their own, provided strong supports, and three international marketing capabilities, namely percept and integration capability, development and value-added capability, and communication and bonding capability, could be leveraged to strengthen brand legitimacies. The conclusions enrich the theory of brand internationalization, and shed lights especially for emerging-market multi- national enterprises which enterred the developing markets. This research also provides managerial implications on brand globalization strategy for Chinese enterprises.
Related Articles |
Metrics
|
|