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French Unions Attack Arcelor Deal Essay

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French unions attack ArcelorMittal deal

In response to Su Fern’s question as to whether there is still prospect for future collaboration between the French government and ArcelorMittal, I would say yes if we explore Dunning’s (2000) thinking extracted from his paper “The Eclectic Paradigm as an Envelope for Economic and Business Theories of MNE Activity” published in International Business Review (vol. 9, pp. 163-190), which illustrates how ArcelorMittal could consider reevaluating their FDI investment strategy (in view of present challenges placating the steelworks industry) to see if there are avenues to exploit their Owner Specific Advantages (their monopoly power by being the world’s largest steelmaker by volume) to include seeking out ‘alternative ways in which to organize the creation and exploitation of their core competencies’. In other words, could ArcelorMittal contribute in terms of ‘domestic diversification’ by extending its core competences to new markets and technology? This can evidently be carried out given ArcelorMittal’s commitment ‘to further mothball the furnaces, rather than close them, to continue to explore the possibility of using the equipment as part of an experimental project on carbon-dioxide underground storage’. (The Wall Street Journal, 2012, available from: http://online.wsj.com/article/SB10001424127887324205404578151383591045230.html )

As markets continue to liberalise, Dunning posits that with the emergence of alliance capitalism, there is increasingly a need for firms to undertake FDI to protect or augment as well as to exploit their existing owner specific advantages. To further explicate the point, Dunning sets forth the argument that ArcelorMittal could possibly reexamine the ‘content and significance of its existing resources and capabilities in relation to its ability to sustain or upgrade these advantages in terms of locating any value added activities in France which could offer it the opportunity to exploit its...

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French Unions Attack Arcelor Deal. Anti Essays. Retrieved December 13, 2018, from the World Wide Web: http://teachingsail.com/free-essays/French-Unions-Attack-Arcelor-Deal-629472.html

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