The Oxford Handbook of Management in Emerging Markets

Description

For nearly two decades, emerging markets have been a primary source of growth in the world economy. They have become more international and compete more extensively with companies in developed countries. For these reasons, an understanding of managing businesses in emerging markets is a fundamental skill for competing in the twenty-first century. The Oxford Handbook of Management in Emerging Markets identifies key elements of the business systems and competition in emerging markets around the world, and then looks at competitive strategies of companies going into and coming out of these countries. While business is business, the handbook's focus is on how management differs depending on the different environmental characteristics in emerging markets, such as the role of the government, the potential weakness of infrastructure, and the skill and innovation bases available locally in emerging markets, among other elements. The volume is organized into five sections. The first section establishes conceptual perspectives for exploring the current business environment in emerging markets. The second section focuses on questions surrounding governance and markets. The third explores multinational enterprises (MNEs) in emerging economies, while the fourth section looks at local firms and emerging market MNEs. The fifth and final section looks at management in emerging markets within specific countries and regions around the world. This handbook is a vital resource for scholars, students, and managers looking to expand into emerging economies by providing comprehensive analyses of functional areas from human resources to finance to marketing, and on issues such as family businesses, state-owned enterprises, and the bottom of the pyramid. Cover Contents About the Editors Contributors PART I THE BUSINESS ENVIRONMENT IN EMERGING MARKETS 1. Introduction to Managing in Emerging Markets 2. Conceptual Approaches to Managing in Emerging Markets 3. International Business and Emerging Markets in Historical Perspective 4. Economics, Transitions, and Traps in Emerging Markets 5. Institutional Theory Perspectives on Emerging Markets 6. Emerging Markets and the International Investment Law and Policy Regime PART II MARKETS AND GOVERNANCE 7. Financial Decisions, Behavioral Biases, and Governance in Emerging Markets 8. Comparative Corporate Governance in Emerging Markets 9. Consumer Behavior in Emerging Markets 10. Examining Base of the Pyramid (BoP) Venture Success Through the Mutual Value CARD Approach 11. Regulatory Institutions and Multinational Companies in Emerging Markets 12. Corporate Political Ties in Emerging Markets PART III FOREIGN MNES IN EMERGING MARKETS 13. Adjustment of MNE Geographic Market Strategy in Responding to the Rise of Local Competitors in an Emerging Market 14. Global Production Networks, Territoriality, and Political Authority 15. Innovation in Emerging Markets 16. Human Rights, Emerging Markets, and International Business 17. Spillovers from FDI in Emerging Market Economies 18. Risk Management for Companies Operating in Emerging Markets PART IV LOCAL FIRMS AND EMERGING MARKET MNES 19. Entrepreneurship in Emerging Markets 20. Innovation and Internationalization of SMEs in Emerging Markets 21. Family Business in Emerging Markets 22. The Economic and Sociological Approaches to Research on Business Groups in Emerging Markets 23. State- Owned Multinationals in International Competition 24. Local Firms Within Global Value Chains: From Local Assembler to Value Partner 25. Emerging Market Multinationals in Advanced Economies 26. Investments by Emerging- Market Multinationals in Other Emerging Markets 27. Human Resource Management in Emerging Markets PART V COUNTRIES AND REGIONS 28. Managing Multinationals in Brazil: Opportunities and Challenges 29. Managing Emerging Markets in Russia 30. How Technology- Based Firms from India Deal with Legitimacy Challenges in International Markets 31. How Real Are the Opportunities for Multinationals in China? 32. Managing in Emerging Markets in Central and Eastern Europe 33. Operating Across Levels in the Global Economic Hierarchy: Insights from South Africa’s Setting in Wider Africa and the World 34. Management in Southeast Asia: A Business Systems Perspective Index