Loughborough University
Browse

Globalisation and competitive strategies of firms in traditional manufacturing sectors of the West Midlands

Download (384.57 kB)
journal contribution
posted on 2024-11-05, 16:22 authored by Mamta Tripathi, David Jarvis, Kate BroadhurstKate Broadhurst
In the context of globalisation, the sustainability of traditional manufacturing sectors depends on the ability of firms to modernise and diversify. To remain competitive against emerging economies in high-volume and low-technology areas, firms must engage in high-value manufacturing. This paper uses theoretical underpinnings from strategic management and place-based approaches to provide a historical account of competitive strategies of traditional manufacturing firms in the West Midlands region of the UK between 2010 and 2012 where the automotive, ceramics, glass and clothing sectors are examined. The research methodology is based on critical realist philosophy, which emphasizes an in-depth understanding of firm behaviour and acknowledges sensitivity to differences in decision-making. The paper highlights the complexity of competitive behaviour, which is influenced by enabling and constraining factors. While the evidence presented in the paper is from 2010 to 2012, it emphasizes the need for a participatory, farsighted, and proactive policy approach to retain the historic industrial character of the region.

History

School

  • Loughborough Business School

Published in

Local Economy: The Journal of the Local Economy Policy Unit

Publisher

SAGE

Version

  • AM (Accepted Manuscript)

Rights holder

© The Author(s)

Publisher statement

Users who receive access to an article through a repository are reminded that the article is protected by copyright and reuse is restricted to non-commercial and no derivative uses. Users may also download and save a local copy of an article accessed in an institutional repository for the user's personal reference. For permission to reuse an article, please follow our Process for Requesting Permission: https://us.sagepub.com/en-us/nam/process-for-requesting-permission

Publication date

2024-10-20

Copyright date

2024

ISSN

0269-0942

eISSN

1470-9325

Language

  • en

Depositor

Dr Kate Broadhurst. Deposit date: 28 October 2024