Good read for small businesses who are global or want to be global businesses. This article is more information and guidance in the file of why leadership, governance and management are different today than ever it has been in history.
Excerpt: If you’re among the many multinational CEOs planning to appoint a local executive as your next country head in an emerging market such as Brazil, China, or India, you may want to think again.
Knowing the market and possessing networks are important, but that’s not all your company needs for success today. To deliver stellar performances, we believe that it’s critical for leaders in emerging markets to fit into two ecosystems at the same time: The local market as well as the global corporation.
Read full article via At Multinationals, Country CEOs Should Be Both Local and Global – Anil Gupta and Haiyan Wang – Harvard Business Review.
Small business global or want to be? This is a good read — trends and findings.
Excerpt: Despite the risks involved, emerging markets continue to represent a major opportunity for multinational companies, both from the North and the South. Southern firms should continue to act through shared experiences and commitment to similar objectives and should leverage opportunities for regional integration. Northern firms should embrace new partnering and financing options and be early movers in new markets in order to stay competitive. Overall, partnerships between Northern and Southern firms offer mutually beneficial solutions and should be pursued by both sides.
Read full article via Dealing with the new world of multinational competition. From PwC
Recommended read for small business in emerging markets or contemplating this move…… great information in the research.
Excerpt……There is no denying that the growth opportunities in emerging markets, such as China, Brazil and India, can have fundamental implications for a company’s business strategy, operating model and risk management. Moreover, given the continued sluggishness in many domestic economies, who can blame companies for banking on these emerging markets as engines of growth?
But what approaches actually work in emerging markets — joint ventures, licensing agreements, organic growth? More important, how can a CFO know which specific strategy is most appropriate for his or her organization?
Read full article…..via Growth strategies | Emerging markets | CFO Insights | CFO Center | Strategy & Operations | Consulting. From Deloitte
Interesting discussion with small business takeaways……
Excerpt……..part of a series on innovation sponsored by Singapore’s Economic Development Board and coordinated by Harvard Business Review — was “What’s the Right Entry Point for Emerging Markets: Target Customers at the Bottom or the Middle of the Pyramid?”
Read full article…..via The Right Entry Point for Emerging Markets – Scott Anthony – Harvard Business Review.
News to watch in the mobile payment push…….the current article references primarily the emerging markets.
Excerpt……The combination of currency with telephony holds great promise, one that MasterCard thinks will net it a billion new customers.
Read full article…….via MasterCard Mobile Money Partnership Program Aims to Bring Mobile Payments Everywhere. From Read Write Web
Another recommended read from HBR today…….. are you in global or thinking global?….this is a need-to-know and thought provoking.
Excerpt….The realities of globalization, with increasing emphasis on emerging markets, present corporate leaders with enormous challenges in developing the leaders required to run global organizations. Too many multinational companies — particularly Japanese, Indian, German, and some American ones — still concentrate vital decisions in the hands of a small group of trusted leaders from their home country.
Read full article……via A New Era for Global Leadership Development – Bill George – HBS Faculty – Harvard Business Review.
Filed under need-to-know and news to watch categories….. I have included links to two related stories, one from Wall Street Journal and one from Journal of Accountancy. Small buiness international
.Excerpt……The two countries are negotiating on whether to allow inspectors from the Public Company Accounting Oversight Board, the U.S.’s auditing regulator, into China to scrutinize the work of Chinese accounting firms which audit U.S.-traded companies.
Read full article……U.S. Chinese on Accounting…..via U.S.-Chinese Progress on Accounting Is Dealt Setback – WSJ.com. From Wall Street Journal
Read full article…..Fraud in Emerging Markets……http://www.journalofaccountancy.com/web/20114644.htm From Journal of Accountancy
Important considerations if you have business in emerging markets or plan to have…. Risk management and shareholders
Excerpt……..Emerging markets play an increasingly important role in the global economy, given their high economic growth prospects and their improving physical and legal infrastructures. Combined, these countries account for nearly 40 percent of global gross domestic product, according to the International Monetary Fund.
For some investors, emerging markets offer an attractive opportunity, but they also involve multifaceted risks at the country and company levels. These risks require investors to have a much better understanding of the firm-level governance factors in different markets.
Read full article….via Corporate Governance in Emerging Markets — The Harvard Law School Forum on Corporate Governance and Financial Regulation.