Management and Entrepreneurship
We posit that contexts in emerging markets are different from developed country contexts. These contextual differences necessitate the development and deployment of unique capabilities and strategies on the parts of companies operating there. While all emerging market countries are not uniform across all of the characteristics described below, there is a great deal of commonality on these conditions within the group of emerging market countries, by virtue of their similar stages of development. Thus, companies that develop their skill sets and products/services in one emerging market are likely to more easily be able to extend them to others. Conversely, there are great differences in these characteristics in the developed group of countries.
Rajaram Veliyath and Lance Brouthers, “How Emerging Market Firms Compete in Global Markets”. Journal of Emerging Knowledge on Emerging Markets, Vol. 2, November 2010.