IDEAS home Printed from https://ideas.repec.org/h/spr/mgmchp/978-3-031-68423-4_5.html
   My bibliography  Save this book chapter

Case Study of TENARIS

In: The Other Latecomers

Author

Listed:
  • Javier Papa

    (Independent Researcher)

Abstract

This chapter examines the case of TENARIS, a latecomer firm in Argentina’s capital goods industry, to understand how it managed to catch up and succeed in a challenging and volatile economic environment. The chapter highlights several key factors that contributed to TENARIS’ success. First, TENARIS adopted a contrarian approach by focusing on export markets and reinvesting profits to expand its production capacity. While other firms sought rents in the protected domestic market, TENARIS strategically positioned itself to access global markets. Second, TENARIS invested heavily in innovation resources, such as its own research and development laboratory, to upgrade its products and compete in more sophisticated markets. This allowed the firm to overcome the technological gap between Argentina and more advanced economies. Third, TENARIS expanded its industrial base both nationally and internationally by networking with affiliates and small and medium-sized enterprises. The firm also pursued vertical integration and acquired production facilities abroad, which helped it overcome the adverse macroeconomic conditions in Argentina. Fourth, TENARIS prioritized long-term organic growth and coherence over short-term speculative diversification. The firm developed a highly professional management team and maintained an entrepreneurial culture, which contributed to its sustained profitability and growth. Finally, TENARIS differentiated itself from established competitors by focusing on service innovation rather than just product or process innovation. The firm integrated customized products with high-tech services, positioning itself as a leading provider of integrated solutions to the oil and gas industry worldwide. Overall, this case study demonstrates that a long-term vision, strategic adaptability, innovative and exporting behavior, and an entrepreneurial spirit were key factors in TENARIS’ ability to catch up and succeed in Argentina’s challenging policy regimes. The findings of this study contribute to our understanding of how latecomer firms can overcome disadvantages and achieve catch-up in dynamic and uncertain economic environments.

Suggested Citation

  • Javier Papa, 2024. "Case Study of TENARIS," Management for Professionals, in: The Other Latecomers, chapter 0, pages 49-67, Springer.
  • Handle: RePEc:spr:mgmchp:978-3-031-68423-4_5
    DOI: 10.1007/978-3-031-68423-4_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mgmchp:978-3-031-68423-4_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.