The New Emerging Market Multinationals: Four Strategies for Disrupting Markets and Building Brands

The New Emerging Market Multinationals: Four Strategies for Disrupting Markets and Building Brands

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Praise for THE NEW EMERGING-MARKET MULTINATIONALS One of Strategy and Businessa€™s Best Business Books of the Year qThis book is a real eye-opener. It will forever change your assumptions about international economic competition and who the winners will be.q a€”PHILIP KOTLER Kellogg School of Management and author of Winning at Innovation qAn insightful reada€”essential for those wishing to understand the evolution and growth of emerging-economy EMNCs and how they will reshape global market structures.q a€”ANAND MAHINDRA, Vice Chairman and Managing Director, Mahindra Group, India qAs this timely book so insightfully points out, the rise of emerging-market multinationals is shifting the global competitive landscape and forcing us to think hard about new growth, strategy, and talent equations. A must-read for business leaders responsible for navigating today's global environment. a€”MUHTAR KENT, Chairman and Chief Executive Officer, The Coca-Cola Company qThis book offers an array of fascinating examples and an interesting framework for stimulating thinking about EMNCs' strategic options.q a€”PANKAJ GHEMAWAT, IESE Business School, and author of World 3.0 qA must-read. The book is well researched and provides compelling case illustrations. I highly recommend it.q a€”W. CHAN KIM, Professor, INSEAD; Codirector, INSEAD Blue Ocean Strategy Institute; and bestselling author of Blue Ocean Strategy qThis is the future of global competition. You need to understand it if you aspire to be a player or if global markets are now a part of your strategy.q a€”DAVID A. AAKER, Vice Chairman, Prophet, and bestselling author of Brand Relevance qThis book gives a clear idea of the success formula of emerging-market multinationals by showing practical insights based on a deep understanding of EMNCs. This will help readers from any type of company structure their own growth strategies.q a€”WONHONG CHO, Executive Vice President and Chief Marketing Officer, Hyundai Motor Company qAn excellent collection of ideas and examples that should inspire companies in emerging markets looking to build brands and markets anywhere.q a€”BUSINESSWORLD About the Book: LG. HTC. Tata. Haier. Lenovo. Arcelik. Natura. From smartphones and computers to blue jeans and beer, companies from China, India, Taiwan, Mexico, Turkey, and other emerging markets are now winning leading market shares with their own-branded, high-quality productsa€”rather than with poorly produced products sold under others' brand names. These emerging-market multinational companies (EMNCs) are giving the incumbent market leaders of North America, Western Europe, and Japan a run for their money in the areas of innovation, branding, and marketing. How have these small, under-resourced businesses come so far so quickly? And what can you learn from their strategies and tactics? Renowned experts in global branding and marketing, the authors of The New Emerging-Market Multinationals conducted an in-depth study of 39 EMNCs to reveal the innovative compete-from-below strategies and tactics fueling these companies' meteoric rise. The authors identify four strategies driving this growth: COST LEADERS leverage existing low-cost structures and large-scale volumes to extend their reach into developed markets. KNOWLEDGE LEVERAGERS tap their existing resources and knowledge of home consumers and the market to build branded businesses in other emerging markets. NICHE CUSTOMIZERS combine their cost advantages in manufacturing with newly developed low-cost RaD capabilities to develop customized niche-segment branded offerings in other emerging markets. GLOBAL BRAND BUILDERS use their low-cost manufacturing and RaD capabilities to build branded businesses in developed marketsa€” but limit their focus to specific products and segments through a process of focused innovation. Whether you run an EMNC or a developedmarket company, deep knowledge of the strategies outlined here is an absolute necessity for competing effectively now and in the future. Don't get caught off guard by the qnew kids on the blockqa€”because today's EMNCs are determined to be tomorrow's market leaders.with a fronta€”loading machine, a format that accounted for only 10 percent of all washing machine sales at the time of ... By 2007, LG was the leading player in the fronta€”loader category and among the leading players in the washing machineanbsp;...

Title:The New Emerging Market Multinationals: Four Strategies for Disrupting Markets and Building Brands
Author:Amitava Chattopadhyay, Rajeev Batra, Aysegul Ozsomer
Publisher:McGraw Hill Professional - 2012-05-18


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