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企业竞争战略【外文翻译】

企业竞争战略【外文翻译】
企业竞争战略【外文翻译】

外文翻译

原文

The enterprise competition strategy

Material Source: R&D Management 34,4,2004

Author: Wei Xie and Steven White

Lenovo’s development experience suggests several hypotheses regarding the relationship among a new firm’s competitive strategy, learning and capabilities on one hand, and its performance in a particular competitive and institutional environment on the other. First, the case clearly illustrates the evolutionary and path-dependent nature of capability development. Rather than being a constraint, however, Lenovo’s case shows that an initial set of resources and capabilities can support the development of additional complementary ones. In Lenovo’s case, the founders benefited in the early days from the spin-off’s external legitimacy based on it s parent’s reputation. In addition, its personnel had technical expertise that could generate revenues from downstream activities – distribution, sales and service; these did not require scarce capital requirements. Changes in the institutional environment also allowed the founders to undertake such activities, although it also created constraints on its efforts for undertaking others (i.e., manufacturing). Given Lenovo’s initial resources and capabilities, however, it is doubtful whether it could have become a competitive PC manufacturer any earlier than it did.

The case also suggests that the motivation to learn and develop new capabilities may be related to the background, expertise and values of the founding members. While Lenovo’s founders initially est ablished a sales and service firm, they themselves were researchers and engineers and always had the ultimate objective of moving upstream into manufacturing and R&D. Such motivation may be just as critical a factor for a firm to develop new capabilities as having the opportunity and resources (financial and technical) to do so.

Lenovo’s case also illustrates how the nature and direction of learning evolves in relationship to changing environmental features and the firm’s accumulation of relevant resources and capabilities. Hence, Lenovo began in the initial Mao phase by

directing its resources to the sales and service opportunities that generated revenues that not only financed its entrance into manufacturing during the following Gong phase, but also provided an enduring competitive advantage vis-a-vis its foreign and even domestic competitor-namely, its understanding of its customers and unique distribution network. Similarly, its experience in manufacturing not only generated revenues, but also provided the basis for identifying competitively important areas in which to focus R&D efforts during the current Ji phase. The movement into each phase was associated with business opportunities and enabled Lenovo to compete more and more directly with leading firms in the industry.

The case shows changes in the capabilities and domains in which a firm competes and also illustrates how the means to acquire new resources and capabilities much change. Initially, Lenovo could compete in sales by relying on other firms’ products or technology developed by its parent. In order to grow, however, it had to internalize first manufacturing capabilities and then R&D capabilities. This is pushed further as rivals begin to see the newcomer as an emerging threat and restrict access to resources or capabilities that they had earlier proved when the new- comer was seen as a partner.

Lenovo also represents the way in which a new entrant may challenge incumbents, especially foreign competitors, by developing resources and capabilities that are especially adapted to the local market. Lenovo accumulated customer knowledge and created a distribution network that has proven nearly impossible for foreign and even most domestic competitors to replicate. It has continued with this strategy as it has extended its capabilities into manufacturing and R&D; namely, a major objective of Lenovo’s ongoing activities is to develop products that are even more finely attuned to increasingly more specific customer segments. This consistent focus and deepening capability in this regard has also emerged as a significant competitive advantage for Lenovo in the Chinese market.

Such extreme adaptation to a particular market, however, may be a liability if the firm wants to expand to new markets, especially those outside its home market. Lenovo, although financially and competitively quite successful in the Chinese market, has only token sales outside of China (approximately 10%). It is not clear at this time whether such dominance of domestic over international sales is simply a matter of managerial focus, or an inherent limitation in the competitiveness of Lenovo’s products in other markets. Although the Chinese market alone promises to be a major growing PC market for the foreseeable future, the possibility that

Lenovo’s products may not match other markets would have to be addressed if or when Lenovo chooses to consider increasing its presence in foreign markets.

Finally, the Lenovo case illustrates an alternative path for a new entrant –whether a spin-off or firm that is diversifying into a new business – to become an integrated firm. This path begins with downstream activities in marketing, sales and service, and then expands upstream into manufacturing, product development and engineering, and finally research. This is in contrast to the path followed by most of the other firms that were newly established in response to new opportunities created by China’s transitioning institutional and market environment. These firms began with manufacturing and moved into marketing and sales (Xie and Wu, 2003). For example firms such as Changhong, a leading television manufacturer, began by importing production lines and then building their sales and marketing capabilities and, much later if at all, varying degrees of R&D capabilities. Other firms were spin-offs with truly proprietary technology that expanded their capabilities downstream into manufacturing, marketing and sales. The Founder Group Company is one such example of down- stream capability building (Lu, 2000). Around the same that Lenovo was founded, this company exploited the pictographic-language electronic publishing systems technology developed by Beijing University researchers and thereby produced China’s first high-resolution colour electronic publishing systems.

Managerial implications

Some of the conceptual elements of the Lenovo case have clear implications for management. Two elements –path dependence and capability building –should suggest to managers that they clearly link their existing set of resources and capabilities to desired changes in those features that they see as necessary to compete. Finally, after almost 15 years, Lenovo put together an integrated set of functional capabilities, from R&D to manufacturing to sales and service. Furthermore, because it started with sales and service, its current success can arguably be attributed to it first mastering and understanding manufacturing activities before investing significantly in R&D. Furthermore, each step of its expansion into new activities and capabilities was supported by its success in preceding stages.

The case also shows how each stage in a firm’s development of new capabilities requires different strategies and structures for learning. The firm will acquire different capabilities through different means; for example, through acting as

a subcontractor to leading firms, collaborating with a partner, acquisitions, licensing or other means. Furthermore, as the firm develops capabilities new functional areas, or broadens the range of capabilities in a particular function, the organization must be restructured to support effective and effective coordination of increasingly diverse activities.

The case has lessons that are also particularly relevant for latecomer firms, especially but not only those in developing countries like China. Although investments in R&D may be considered vital to compete at the leading edge of an industry, and governments may even reward investment in R&D, it is necessary to realistically assess the opportunity costs and probably outcomes from such investments by a firm with limited resources compared to those of large multinationals. Firms with limited resources should allocate them to activities and learning efforts that will enable it to compete successfully with its rivals. Developing resources and capabilities that set them apart from otherwise much better funded and endowed rivals represent a better strategic option that attempting to compete on the same basis with such firms. Lenovo’s investments in distribution and pro duct development attuned to Chinese customers, for example, have so far more than offset the reality that its investments in R&D are very small compared to the R&D expenditures of its multinational rivals. However, in the long term, Lenovo needs more R&D or move to a more R&D-focused model. Firms invest in R&D not only to generate innovations, but also to learn from rivals and external knowledge sources (Cohen and Levinthal, 1989, 1990).

译文

企业竞争战略

资料来源: 研究与发展管理34,4,2004 作者:谢伟,史蒂芬怀特联想集团的发展经验给了我们几个启示,一方面,关于一个新企业竞争战略的学习和能力间的关系,另一方面,关于在特定竞争力下它的性能和体制环境的关系。首先,该案件清楚地说明了能力的发展演化和路径依赖的性质。然而,联想的案例表明,对资源和功能的初步建设可以支持更多辅助性的发展,而不是约束。在联想的案例中,创始人受益于衍生企业从早期对外合法性母公

司的声誉。此外,其有技术专长的工作人员可以从下层工作即分配、销售和服务中创造或提高收入,这些并不需要稀缺的资本要求。体制环境的变化使创始人进行这种管理,但同时也造成对他从事其他事情(即制造业)努力的限制。鉴于联想的初始资源和能力,令人怀疑它是否已经比其他任何企业更早成为有强大竞争力的PC厂商。

案例还表明了学习和开发新的功能的动机可能与背景、专业知识和创始成员价值观有关。虽然联想的创始人初步创立了销售和服务公司,他们本身就是将生产和研发水平推向世界前列为最终目标的研究人员和工程师。这种动机可能只是公司为拥有新资源新能力(财政和技术)的发展机会的关键因素而已。

联想的案例也说明了学习演进的性质和方向如何与不断变化的环境的特点和公司对有关的资源和能力的积累有关。因此,联想在最初Mao阶段开始指导其其资源、销售和服务创造和增加收入的机会,不仅在接下来的Gong阶段未为进入制造业进行资助,而且还提供了一个相对于其国内甚至国际的竞争对手更为持久的竞争优势,即其对客户和分销网络的理解。同样,在制造业的经验,不仅指创造的收入,而且还为确定竞争力的重要领域集中在当前Ji阶段研发工作的基础。进入每个阶段的活动与商业机会及启用联想去面对行业领先企业越来越直接的竞争相关。

案例显示了在企业竞争中能力和领域的变化,也说明了获取新资源和能力手段的大变化。最初,联想可以通过依靠其他公司产品或其母公司在技术提升来销售竞争。为了发展,无论如何,它必须先在内部创造能力,然后研发能力。这是进一步推进作为竞争对手开始看到的新威胁新来的、限制获取资源或能力以至于他们能早先证明新进者是看作为一个伙伴的。

联想的案例还代表了作为一个新进者尤其是国际竞争者,如何通过开发资源和极端适应当地市场的能力来挑战任职。联想累积顾客知识和建立的销售网络几乎已经证明了是国外和国内的竞争对手不可能复制的。它与这一战略的继续,因为它已经扩展到制造和研究发展的计划,即对联想正在进行的活动主要目标,是能够开发出更适应日益精细更具体的客户群,这种相同的重心和深化这方面的能力也成为了联想在中国市场的重要竞争优势。

这种极端的适应某一特定市场,但是,如果公司要拓展新的市场,特别是本土市场以外的,可能是一个责任。联想,虽然财政和竞争力在中国市场相当的成功,但也只是中国以外的销售(约10%)。目前尚不清楚是否在这个时候这种国内优势已超过国际销售是一个简单的关于管理重点的问题,或在其他市场的联想产品的竞争力的局限问题。尽管中国市场有望成为一个大的增长可预见性的PC市场,联想的可能性的产品可能不符合其他市场就必须解决,如果联想选择或考虑增加其在国外市场的存在。

零售企业营销策略中英文对照外文翻译文献

零售企业营销策略中英文对照外文翻译文献(文档含英文原文和中文翻译)

译文: 零售企业的营销策略 Philip Kotlor 今天的零售商为了招徕和挽留顾客,急欲寻找新的营销策略。过去,他们挽留顾客的方法是销售特别的或独特的花色品种,提供比竞争对手更多更好的服务提供商店信用卡是顾客能赊购商品。可是,现在这一切都已变得面目全非了。现在,诸如卡尔文·克连,依佐和李维等全国性品牌,不仅在大多数百货公司及其专营店可以看到,并且也可以在大型综合商场和折扣商店可以买到。全国性品牌的生产商为全力扩大销售量,它们将贴有品牌的商品到处销售。结果是零售商店的面貌越来越相似。 在服务项目上的分工差异在逐渐缩小。许多百货公司削减了服务项目,而许多折扣商店却增加了服务项目。顾客变成了精明的采购员,对价格更加敏感。他们看不出有什么道理要为相同的品牌付出更多的钱,特别是当服务的差别不大或微不足道时。由于银行信用卡越来越被所有的商家接受,他们觉得不必从每个商店赊购商品。 百货商店面对着日益增加的价格的折扣店和专业商店的竞争,准备东山再起。历史上居于市中心的许多商店在郊区购物中心开设分店,那里有宽敞的停车场,购买者来自人口增长较快并且有较高收入的地区。其他一些则对其商店形式进行改变,有些则试用邮购盒电话订货的方法。超级市场面对的是超级商店的竞争,它们开始扩大店面,经营大量的品种繁多的商品和提高设备等级,超级市场还增加了它们的促销预算,大量转向私人品牌,从而增加盈利。 现在,我们讨论零售商在目标市场、产品品种和采办、服务以及商店气氛、定价、促销和销售地点等方面的营销策略。 一、目标市场 零售商最重要的决策时确定目标市场。当确定目标市场并且勾勒出轮廓时,零售商才能对产品分配、商店装饰、广告词和广告媒体、价格水平等作出一致的决定。如沃尔玛的目标市场相当明确:

独特的品牌战略【外文翻译】

外文翻译 原文 Strategies for distinctive brands Material Source: Journal of Brand Management Author:Judith Lynne Zaichkowsky ABSTRACT Brand identity complements brand equity and it forms an important part of the strategic management of brands. Identity elements include a well-known brand name, logo, font type, symbols, colour, shape, as well as unique product and benefit descriptions. These different elements can contribute to distinct consumer perceptions of various brands in the marketplace and help to differentiate brands from competitors. Brand managers need to start with a vision of what they want their brand to represent and then use the appropriate identity elements to build the brand. Some brand identity components may be influential to choice at the subconscious level of consumers, and therefore the understanding of individual psychological processes of perception and social meaning is required by brand managers. Keywords: brand equity ; brand identity ; logos ; brand names ; packaging INTRODUCTION Much literature in the area of branding has focused on brand equity and its importance to strong brands. Although everyone agrees that understanding and creating brand equity is essential for marketing, very little academic attention is paid to understanding the importance of brand identity and its relation to brand equity and brand management. Brand identity is the visual picture and meaning derived from the visual impact of the brand. For the consumer to identify brands with their respective manufacturers, the brands must be sold with distinctive features supplied by that particular manufacturer. Strong and unique links to one source is what complements and protects brands from being interchangeable in the marketplace. Brand differentiation, or identity, may be achieved through a well-known brand name, logo, typeface, symbol, colour, shape, distinctive design of the package or product, as well as product benefit descriptions known as unique selling points

企业成本控制外文翻译文献

企业成本控制外文翻译文献(文档含英文原文和中文翻译)

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