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Building Strategic Capabilities in Emerging Markets

Alvaro Cuervo-Cazurra, William Newburry, Seung Ho Park, Stephanie Lu Wang, Mohan Song, Subhashish Gupta, P. D. Jose, Ashok Thampy, Helena Barnard, Christian Nedu Osakwe, Natalia Guseva, Mariola Ciszewska-Mlinarič, Krzysztof Obłój, Venkat Subramanian, Almira Abilova, Michel Hermans, Diego Finchelstein, Maria Tereza Leme Fleury, Cyntia Vilasboas Calixto, Cláudia Sofia Frias Pinto, Afonso Carlos Fleury, Santiago Mingo, Francisca Sinn, Maria Alejandra Gonzalez-Perez, Ana Maria Gomez-Trujillo, Eva Cristina Manotas, Camilo Pérez-Restrepo, Maria Teresa Uribe-Jaramillo, Juan Velez-Ocampo, Verónica Duque-Ruiz, Miguel A. Montoya, Gerardo Velasco, Armando Borda Reyes, Carlos Cordova Chea
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  • Publication planned for: December 2024
  • availability: Not yet published - available from December 2024
  • format: Paperback
  • isbn: 9781108464253

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About the Authors
  • Firms in emerging markets are becoming leading global players despite operating in challenging home country environments, but little is known about how they build their capabilities. By analyzing multiple companies operating across over a dozen emerging markets in Asia, Latin America, Africa and Europe, the authors identify the specific challenges faced by emerging market firms to become internationally competitive. Furthermore, they provide actionable solutions to upgrading capabilities, sustaining competitive advantage, and achieving multinational status, all whilst operating in emerging economies. Featuring contributions from eminent business scholars from across the globe, this timely volume provides a valuable tool for academics and practitioners, managers and consultants, especially those involved with emerging market firms working to grow and succeed globally.

    • Provide actionable solutions to upgrading capabilities, sustaining competitive advantage, and achieving multinational status
    • Analyses fourteen emerging markets (across Asia, Latin America, Africa and Europe) in a cross- emerging market study of multiple companies from each country
    • Extends the current literature on emerging market firms from multinationals to all firms, paving the way for future studies
    • Features a global spread of expert contributors
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    Reviews & endorsements

    'Firms in emerging economies need world-class capabilities to succeed in international markets. Yet, building those capabilities is not easy. In this excellent volume, Cuervo-Cazurra, Newburry, Park and their collaborators draw on studies of 73 firms in a dozen emerging economies to identify which capabilities matter most in different industry and national contexts. And they go further to explain how leaders can nurture those capabilities in their companies. The book is chock full of valuable insights for academics and practitioners. It's a must-read for anyone interested in emerging markets.' Ravi Ramamurti, University Distinguished Professor of International Business, and Director, Center for Emerging Markets, Northeastern University

    'This is the first book to reveal, in rich detail, how emerging market firms have upgraded their capabilities to become a powerful new force in global competition. Covering companies from 12 emerging economies spanning Asia, Latin America, Africa and Europe it brings together the insights of local experts with deep understanding of the subtleties each country. It will be a valuable tool for academics and practitioners, managers and consultants, especially those involved with emerging market firms working grow and succeed globally.' Peter Williamson, Professor of International Management, University of Cambridge, Judge. Business School.

    'This book offers a panoramic view of the new strategic capabilities of emerging-market firms from four continents, demonstrating the breadth-taking speed with which they are becoming formidable competitors worldwide. A must read for anyone focused on anticipating global competitive shifts.' Mauro F. Guillén, Zandman Professor of International Management at the Wharton School, and author of 2030

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    Product details

    • Publication planned for: December 2024
    • format: Paperback
    • isbn: 9781108464253
    • length: 300 pages
    • dimensions: 230 x 153 x 30 mm
    • weight: 0.65kg
    • availability: Not yet published - available from December 2024
  • Table of Contents

    Preface
    1. Building strategic capabilities in emerging economies Alvaro Cuervo-Cazurra, William Newburry and Seung Ho Park
    2. Upgrading capabilities in emerging markets: imitation, integration, incorporation, and internal development Alvaro Cuervo-Cazurra and Stephanie Lu Wang
    3. Building strategic capabilities in Chinese companies: developing global competitive advantage Mohan Song, William Newburry and Seung Ho Park
    4. Strategic capabilities of emerging Indian multinational enterprises Subhashish Gupta, P. D. Jose and Ashok Thamp
    5. The capabilities of South African multinational enterprises in wider Africa Helena Barnard and Christian Nedu Osakwe
    6. Five cases on strategic capabilities of Russian firms Natalia Guseva
    7. Strategic capabilities of Polish firms Mariola Ciszewska-Mlinarič and Krzysztof Obłój
    8. Emerging market multinationals: the case of Kazakhstan Venkat Subramanian and Almira Abilov
    9. Internationalization capabilities of Argentine firms Michel Hermans and Diego Finchelstein
    10. Building strategic capabilities in Brazilian firms Maria Tereza Leme Fleury, Cyntia Vilasboas Calixto, Cláudia Sofia Frias Pinto and Afonso Carlos Fleur
    11. Building strategic capabilities in Chilean companies: developing a global competitive advantage Santiago Mingo and Francisca Sinn
    12. Strategic capabilities of Colombian firms Maria Alejandra Gonzalez-Perez, Ana Maria Gomez-Trujillo, Eva Cristina Manotas, Camilo Pérez-Restrepo, Maria Teresa Uribe-Jaramillo, Juan Velez-Ocampo and Verónica Duque-Ruiz
    13. Capabilities of Mexican exporters and multinational corporations Miguel A. Montoya and Gerardo Velasco
    14. Building strategic capabilities in emerging markets firms: the case of Peru Armando Borda Reyes and Carlos Cordova Chea
    15. Examining strategic capabilities across emerging markets and their firms Alvaro Cuervo-Cazurra, William Newburry and Seung Ho Park.

  • Editors

    Alvaro Cuervo-Cazurra, Northeastern University, Boston
    Alvaro Cuervo-Cazurra is Professor of International Business and Strategy at Northeastern University, Fellow of the Academy of International Business, and co-editor of Global Strategy Journal. His other co-authored books include Mexican Multinationals: Building Multinationals in Emerging Markets (Cambridge, 2018) and Emerging Market Multinationals: Managing Operational Challenges for Sustained International Growth (Cambridge, 2016).

    William Newburry, Florida International University
    William Newburry is Chair of the Department of International Business and the Ryder Eminent Scholar of Global Business at Florida International University, and a Non-Resident Senior Research Fellow at Nanyang Business School Center for Emerging Markets. He is a Fellow of the Academy of International Business, and also serves as AIB Insights Associate Editor and Series Editor for Research in Global Strategic Management.

    Seung Ho Park, Nanyang Technological University, Singapore
    Seung Ho Park is President's Chair Professor of strategy and international business and Director of Nanyang Center for Emerging Markets at Nanyang Technological University. He was the founding president of the Samsung Economic Research Institute China and Skolkovo-EY Institute for Emerging Market Studies. He is a Fellow of the Academy of International Business.

    Contributors

    Alvaro Cuervo-Cazurra, William Newburry, Seung Ho Park, Stephanie Lu Wang, Mohan Song, Subhashish Gupta, P. D. Jose, Ashok Thampy, Helena Barnard, Christian Nedu Osakwe, Natalia Guseva, Mariola Ciszewska-Mlinarič, Krzysztof Obłój, Venkat Subramanian, Almira Abilova, Michel Hermans, Diego Finchelstein, Maria Tereza Leme Fleury, Cyntia Vilasboas Calixto, Cláudia Sofia Frias Pinto, Afonso Carlos Fleury, Santiago Mingo, Francisca Sinn, Maria Alejandra Gonzalez-Perez, Ana Maria Gomez-Trujillo, Eva Cristina Manotas, Camilo Pérez-Restrepo, Maria Teresa Uribe-Jaramillo, Juan Velez-Ocampo, Verónica Duque-Ruiz, Miguel A. Montoya, Gerardo Velasco, Armando Borda Reyes, Carlos Cordova Chea

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