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The Emerging Markets Century: How a New Breed of World-Class Companies Is Overtaking the World
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 0263-4503
- DOI
- 10.1108/02634500810879269
- Publisher site
- See Article on Publisher Site
Abstract
Purpose – The purpose of this paper is to review and discuss the rise of emerging market multinationals (EMMs), with a special focus on its impact on marketing. Design/methodology/approach – This paper is an invited opinion piece with implicit permission to “think aloud”. Findings – Emerging market countries not only have millions of newly affluent consumers, but they are also the home of a new generation of multinational companies. The rise of EMMs challenges the extant thinking in strategy and marketing, and creates both threats and opportunities for western firms. With unique character and behaviour, EMMs are different from both developed countries multinationals and Japanese and Korean firms. It is imperative to study EMMs in order to win the new competition. Research limitations/implications – The topic is currently under‐researched, but has the potential to enrich and further develop the marketing subject. Originality/value – Hopefully, the paper draws more attention to the rise of EMMs and encourages more research on the topic.
Journal
Marketing Intelligence & Planning – Emerald Publishing
Published: Jun 13, 2008
Keywords: Emerging markets; Multinational companies; Globalization; Marketing; China