Indian Multinationals: The Dynamics of Explosive Growth in a Developing Country Context

Cover......Page 1
Contents......Page 6
List of Figures......Page 9
List of Tables......Page 10
Preface......Page 13
Acknowledgements......Page 16
Premises......Page 18
Analytical framework......Page 20
Structure of analysis......Page 22
Theories of firm growth......Page 24
Control and efficiency......Page 27
Global structure for industrial growth and regulation......Page 29
Country-specific characteristics and advantages......Page 34
Rapid changes in regulations......Page 37
Network dynamics of growth......Page 39
Introduction......Page 44
General perspectives of globalization......Page 46
Globalization and the role of the state......Page 48
Globalization in a developing country context......Page 50
Globalization in and of India......Page 53
Precursors to globalization......Page 57
Perpetuation of asymmetric positions of firms under LPG......Page 60
Globalization: the struggle between firm and society......Page 64
Growth patterns of traditional and emerging multinationals......Page 66
Evolution of Indian business houses......Page 70
National development-oriented growth: 1947–77......Page 72
Precursor to explosive growth: 1977–91......Page 77
Explosive growth phase: 1991–2010......Page 79
Introduction......Page 109
Genesis of the Birla group and generations of diversifications......Page 117
G.D. Birla phenomenon......Page 133
Managerial processes and methods of growth......Page 142
Project execution......Page 145
Leveraging the industrial policy changes since 1991......Page 149
Introduction......Page 167
Trusts and development activities of the Tatas......Page 175
Industrial pioneers and building of goodwill......Page 186
Tata Sons shaping industrial policies in India......Page 193
Building the Tata brand......Page 202
Corporate and management restructuring......Page 203
Financial restructuring and resource reallocation......Page 205
Raising capital, resources and capabilities......Page 206
Has growth been at the cost of principles?......Page 215
Introduction......Page 223
Dhirajlal Hirachand Ambani......Page 227
Building manufacturing plant capacity......Page 228
Growth through acquisitions and mergers......Page 240
Growth through international acquisitions......Page 244
Firm–industry–government network......Page 252
Ambani business strategies......Page 258
Sources of asymmetries......Page 263
Perpetuation of asymmetries......Page 265
Asymmetric growth factors and sustainability......Page 267
Notes......Page 272
Bibliography......Page 276
Subject Index......Page 283
Author Index......Page 289