Conclusion: Incumbent Company Transformation – How Far and Why
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book discusses the significance of ownership for the transformation processes and shows that much research has demonstrated the significance of different forms of ownership for company output. It attempts to extract the central dimensions in the transformation process across the countries studied. The book argues that 'The idea that new businesses are doing best when separated from their corporate parents is argued to be quite evident'. It addresses the question of why all of the deregulated incumbents had such a drive for internationalisation. The book also argues that in many countries it was easier to get funding for a rapid international mobile expansion as a state-owned company than as a privatised company. It covers the developments in ownership, regulation and competition policy.