Building Strategic Capabilities in Emerging Markets

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.

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-Mlinaric and Krzysztof Oblój; 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.

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 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 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.