TY - JOUR
T1 - Surviving economic crises in Southeast Asia and Southern China
T2 - The history of Eu Yan Sang business conglomerates in Penang, Singapore and Hong Kong
AU - Chung, Stephanie Po Yin
N1 - Copyright:
Copyright 2008 Elsevier B.V., All rights reserved.
PY - 2002
Y1 - 2002
N2 - In this paper, I will look into the survival strategies of the Eu Yan Sang (EYS) firm, a transnational company active in Southern China and Southeast Asia over the past 120 years. Special attention will be given to the political and economic changes in the market in which the firm operated from 1876 to 1941. The Eus had demonstrated the skill of what modern management experts call 'lateral and vertical diversification' and 'conglomerate integration' in its investments. This diversification and integration, as will be seen, helped the Eus to restore liquidity without disrupting their other operations in time of need. But we must note that the practice of business diversification was not unprecedented, nor uncommon in Chinese history. What makes EYS noteworthy is not their reliance on networking and diversification, but the unique historical environment in Southeast Asia and Southern China in which the Eus' networking and diversification were carried out.
AB - In this paper, I will look into the survival strategies of the Eu Yan Sang (EYS) firm, a transnational company active in Southern China and Southeast Asia over the past 120 years. Special attention will be given to the political and economic changes in the market in which the firm operated from 1876 to 1941. The Eus had demonstrated the skill of what modern management experts call 'lateral and vertical diversification' and 'conglomerate integration' in its investments. This diversification and integration, as will be seen, helped the Eus to restore liquidity without disrupting their other operations in time of need. But we must note that the practice of business diversification was not unprecedented, nor uncommon in Chinese history. What makes EYS noteworthy is not their reliance on networking and diversification, but the unique historical environment in Southeast Asia and Southern China in which the Eus' networking and diversification were carried out.
UR - http://www.scopus.com/inward/record.url?scp=0036318757&partnerID=8YFLogxK
U2 - 10.1017/S0026749X02003037
DO - 10.1017/S0026749X02003037
M3 - Journal article
AN - SCOPUS:0036318757
SN - 0026-749X
VL - 36
SP - 579
EP - 617
JO - Modern Asian Studies
JF - Modern Asian Studies
IS - 3
ER -