Preface xi Acknowledgments xiii Part I: The Foundations of Understanding Chapter 1 : Introducing the Overseas Chinese of Southeast Asia 3 Patterns of Chinese Migration 6 The trader pattern 6 The coolie pattern 7 The sojourner pattern 7 The re-migrant pattern 7 Who Are the Overseas Chinese? 8 What Is a Network? 15 The Role of the Overseas Chinese in Southeast Asia 26 The Role of the Overseas Chinese Worldwide 30 Following Chapters 31 Chapter 2 : Confucianism Plus: The Philosophical and Cultural Roots of the Overseas Chinese 33 Confucianism''s Influence on Chinese Trade and Economics 42 The Family 50 The Relationships and Ethical Behavior 54 Differing Ethical Concepts 57 Chapter 3 : The Overseas Chinese Today: Not the Family Business, But the Family as a Business 61 What Is a Chinese Network? 62 Discontinuity 62 Hierarchical and dyadic ties 63 Uprightness 65 Contextual morality 67 Flexible boundaries 68 Historical and Environmental Effects on the Overseas Chinese Business Networks 68 Distinguishing Cultural Traits 79 Firm-related attributes 80 Loyalty-related attributes 82 Trust-related attributes 83 How Networks Permeate Formal Structures 85 Part II: The Foundations of Analysis Chapter 4 : Introduction to an Informational Void: The Black Hole of Southeast Asia 91 The Informational Black Hole of Southeast Asia 94 Operating in an Informational Black Hole 114 Hands-on experience 127 Transfer of knowledge 128 Qualitative information 130 Holistic information processing 132 Action-driven decision making 132 Emergent planning 133 Chapter 5 : Strategic Management of the Overseas Chinese Business Groups: Deciphering Patterns 137 Tacit Knowledge and the Informational Black Hole 138 Strategic Planning and the Networks 141 Planning, classically 142 Developing core competencies 144 Crafting strategies 145 A Summary of Overseas Chinese Management Practices 148 The Overseas Chinese and crafting strategy 149 How the Overseas Chinese plan 151 The Overseas Chinese and their core competencies 158 Part III: The Implications for Business Chapter 6 : In the Aftermath of the Asian Crises: Revolution or Evolution? 169 The Path of Destruction 170 The 1997-1998 Asian financial crisis 170 The 2002-2004 SARS crisis 173 The Post-crises Evolution of Overseas Chinese Business Groups 175 Competitive Advantages of the Overseas Chinese 180 Speed 182 Knowledge 183 Guanxi 185 Empowerment 188 Competitive Disadvantages of the Overseas Chinese 190 Home turf only 190 Susceptibility to blind-siding 192 Poor proprietary capabilities 193 x new asian emperors Family limits 194 Lack of professionalization 196 Chapter 7 : Competitive Implications of the Overseas Chinese: Doing Business with the New Asian Emperors 199 General Implications for Multinationals 200 Specific Implications for Multinationals 204 Strategic competitiveness 204 Human resource practices 206 Products and technology 209 Contract flexibility 211 Distribution 212 Promotion and pricing 213 Implications for Regional Governments 213 Implications for Researchers 219 Speculations About the Future 221 The Adaptive-Action Road Map 224 The road of knowledge 228 The road of speed 229 The road of action 229 The road of results 230 The road of relationships 230 The road of quality 232 The road of passion 232 The road of legacy 233 Bibliography 235 Appendix: List of Interviewees 245 Index 247.
New Asian Emperors : The Business Strategies of the Overseas Chinese