As growth has slowed in the
developed world and the forces that have led to globalisation gather pace, more and more
companies are seeking to do business-in emerging markets, which, if you judge the market
right and pursue the right strategy, offer enormous opportunities. But many firms stumble
when they go into an emerging market and end up disappointed. This book aims to help them
to succeed and to identify the markets with potential. It is divided into two parts:
Lessons for business success
Why companies fail
Managing expectations
Market entry preparation
Market research and business
intelligence
Assessing political risks
Interpreting economic
indicators
Eternal dilemmas
Reaching the local market
Manufacturing in emerging
markets
Making acquisitions work
Dealing with corruption and
crime
Human resources
Corporate social
responsibility
Understanding and coping
with crises
The outlook for different
markets
The global economy
The business outlook
Russia: a detailed look
Nenad Pacek and Daniel
Thorm'ley are regional directors of the Economist Corporate Network, the emerging-markets
peer group and advisory service of the Economist Group. Based in Vienna, they work closely
with CEOs and regional managers of over 200 companies, including IBM, Procter &
Gamble, Du Font, Merck, Kellogg, Dow Chemical and Eli Lilly. In their role of hosting
government and business roundtables held by Economist Conferences, they are also in
regular contact with government leaders in central and eastern Europe, the Middle East and
Africa.
Both are also guest
lecturers to business and MBA students: Nenad Pacek at the University of Vienna and ESSEC
Business School in France;
Daniel Thorm'ley at the
University of Chicago's Graduate School of Business and the University of Oxford's Said
Business School.
212 pages