Building Strategic Capabilities in Emerging Markets

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.

• 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.

'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