Discover the four traits of the best performing, but least known, breakout firms in BRIC countries «Rough diamonds» are the best performing firms in the BRIC (Brazil-Russia-India-China) countries. These firms compare favorably with the top 500 firms and the top 25 manufacturing firms in their countries and comparable firms worldwide, exceeding them profit margins and return on assets over an extended time period. This book outlines who these firms are and explains their exemplary performance through the Four Cs for Sustaining High Performance: Capitalizing on late development; Creating Market Inclusive Niches; Crafting Operational Excellence; and Cultivating Profitable Growth. Offers a description of the four major traits that high performance companies in Brazil, Russia, India and China have in common Contains company profiles from BRIC countries that have proved to be successful Written Sam Park the president at Skolkovo-Ernst & Young for Emerging Market Studies and Chair Professor of Strategy at Moscow School of Management Skolkovo This important resource outlines the four traits of the best performing, but least known, breakout firms in BRIC countries.
BRIC or BRICs are the acronym used to refer to the combination of the four biggest emerging-market countries: Brazil, Russia, India and China. Goldman Sachs has argued that, since the four BRIC countries are developing rapidly, by 2050 their combined economies could eclipse the combined economies of the current richest countries of the world. This book evaluates the strength of the BRIC economies and compared them against the USD.
This is a comprehensive, well-organized and clearly written analytic research on Foreign Direct Investments. This is now the obvious text to choose for any undergraduate or graduate program in International Business and Economics. As one of its key feature, this book included a lot of graphics and charts illustrating and analyzing major recent trends in FDI inflows and outflows for BRIC countries. Major focus of the book is to convey elaborate research on the relationship between FDI inflows and economic development and to draw result on BRIC countries. The BRIC refers to a group of four emerging countries comprising Brazil, Russia, India and China. These four are distinguished by several characteristics that set them apart as virtual global powers, if in the making. The BRICs present a fascinating study of development and growth. In this book, an attempt is made to discuss the growing flows of FDI or foreign direct investment to the BRICs and trace the link that FDI may have in leading to the BRICs’ rising growth and dominance. The inescapable conclusion emerges that the BRICs are likely to grow in size and prominence in the years to come.
Retailing in BRIC countries which are visualized as a sunrise industry expected with sustained growth in future. In this perspective the book addresses the various environmental factors of BRIC countries and more so in India [CMA] in detail, since the concept of modern retailing is still in nascent stage. This book precisely traces the various issues of Retailing in India especially Retail Industry structure, Size of the industry, Purchasing Behaviour, Foreign Direct Investment, factors for retail boom, etc.
The goal of this publication is to demonstrate the financial condition and stability of several chosen oil companies in the BRIC group of countries (Brazil, Russia, India and China). The BRIC countries are experiencing economic setbacks and it might be the time to buy equities in their companies. In recent years these countries were noted because of their rapid economic growth. Between 2000 and 2008, they averaged annual GDP growth expansion of 8%, almost 6% below the average for the G7 countries. Now, slower economic growth is causing their stock markets to tumble, presenting an opportunity for investors to buy what others are fleeing.
The technological advancement in high tech manufacturing industries in developed countries have shifted the locus of low tech production activities from advanced countries to developing countries. This shift of global activities has increased pressure on the firms in developing countries to improve their knowledge, capabilities and skills. By interacting with the global players, local firms can learn a great deal of knowledge and skills. In order to understand the learning and innovation by local firms in emerging countries, and to investigate how do local firms learn from the global players?, Global Value Chain (GVC) theory and System of Innovation (SI) approach provides very useful frameworks. Based on qualitative design and in depth interviews, this book provides a case study of local manufacturing firms in textile sector in Pakistan and investigates empirically their learning and upgrading process. It combines the GVC and IS frameworks and finds that, although global buyers play very important role, nevertheless firms internal efforts, and role of machinery and material suppliers play equally important role in knowledge diffusion and learning process of local firms.
Blood diamonds, or “conflict diamonds,” have funded rebel movements and terrorist organizations worldwide. Bloodshed over these diamonds, the conflicts they prolonged, and the horrific human rights violations associated with the competition for this natural resource, resulted in an international effort to regulate rough diamonds, and has become an issue for states, institutions, NGOs, media, and the public. Forums were held in 2001, known as the Kimberley Process, to discuss the threat of blood diamonds. With the United Nations’ support, state and non-state actors devised the Kimberley Process Certification Scheme, a non-binding agreement to stop the import and export of conflict diamonds. This book examines the utility of four International Relations theories to help explain the existing cooperation of governments, industry, and civil society to address this problem.
The research conducted in this book examines the entrepreneurial orientation (EO) of the Indigenous or Bumiputera entrepreneurs (Malay firms) in Malaysia by taking personality traits, cultural background and government aided programs as the antecedents. These constructs are used to explain the influence of entrepreneurial orientation (EO) and its’ consequences towards firm performance. Based on the Multiples Linear Regression (MLR) analysis, it can be concluded that in Malay firms, the relationship between personality traits, cultural background and government aided programs with firm performance were not mediated by entrepreneurial orientation (EO). However, the entrepreneurial orientation (EO) construct is significant as predictor towards firm performance. The research provides a better understanding of the indigenous entrepreneurs for policy makers, NGOs, business support organizations and the indigenous entrepreneurs themselves, particularly in relation to personality traits, cultural background and government aided programs
Valuation and the term value always were disputable issues in financial world. Different types of value, different techniques of value estimation, plenty of factors influencing value are the main issues of financial articles in various respectable financial magazines. Recent financial crisis increased the intense around these issues in all over the world and brought new momentum to the question on how reliable market value reflects real (fundamental) value of companies, what makes this value increase or decrease etc. This paper is focused on the defining the level of influence by fundamental value of company on its market value in BRIC countries. And as a basis for fundamental valuation the Residual Income Model was taken complemented by the value of intangible assets, whose role in value creation is raising in XXI century.
India is one of the fastest emerging economies and one after another study has projected India among the leading economies of the future. The role and significance of India in the global economy is increasing continuously. However, there is a dearth of literature on India in management, in general, and in strategy, in particular. This book presents the findings from the research study of the practice of four very important aspects of strategy in the Indian context namely, strategy in India: an overall perspective, competitive strategy, strategic alliances & joint ventures and corporate entrepreneurship. The book elaborates the current state of practice of strategy, the types of strategy in practice, reasons for firms for going for strategy, impact on the performance of the firms and future plans for strategy. The findings are based on the research study on the Top 100 successful firms from twenty industries in India, including Indian and foreign firms as well as public sector and private sectors firms. This book provides interesting insights on the practice of strategy in India and is a must read for anyone interested in strategy in India.
The first and formost purpose of this book is to show the effect of working capital management on firms'' profitability. It shows the impacts of both working capital investment and financing decisions on firms'' profitability. So far, various studies show that, working capital management affects firms'' profitability but most of these studies were conducted in western developed economies. Thus, this book detailed and shed light on the effect of working capital management policies on firms'' profitability in case developing countries.
This book provides a comparative study of human resource management, employment relations, and production systems in automobile factories in the BRIC countries (Brazil, Russia, India, and China). It compares the experiences of two major multinational companies, Volkswagen and Toyota, as well as of domestic automobile manufacturers.
Up until 1989, there existed “the Big Eight" accountancy firms namely the eight major international accountancy firms, Arthur Young (AY), Ernst & Whinney (EW), Deloitte Haskins & Sells (DHS) ,Touche Ross (TR), Price Waterhouse, Coopers and Lybrand, Arthur Andersen and KPMG. At present, there remain only four; these four comprise of Ernst & Young, Deloitte & Touche, Pricewaterhouse Coopers and KPMG. Whilst the collapse of Enron resulted in the demise of Arthur Andersen, the earlier collapses of BCCI, followed by Barings Bank Plc as discussed in the first part of this section, also involved the present “Big Four” accountancy firms. These collapses also produced devastating effects and one can only arrive at the conclusion that whilst Arthur Andersen paid the price for failing to live up to its role, the other “Big Four” accountancy firms escaped such draconian punishment as a result of the consequences of having two or more of such accountancy firms being made defunct, among which include concentration in the audit market. This thesis considers through a comparative analysis of selected jurisdictions, how the external auditor can assist the regulator in carrying out its functions.
Entrepreneurs, managers, and policy makers must make decisions about a future that is inherently uncertain. Since the only rational guide for the future is the past, analysis of previous episodes in industrial development can shape informed decisions about what the future will hold. Historical scholarship that seeks to uncover systematically the causal processes transforming industries is thus of vital importance to the executives and managers shaping business policy today. With this in mind, Johann Peter Murmann compares the development of the synthetic dye industry in Great Britain, Germany, and the United States through the lenses of evolutionary theory. The rise of this industry constitutes an important chapter in business, economic, and technological history because synthetic dyes, invented in 1856, were the first scientific discovery quickly to give rise to a new industry. Just as with contemporary high tech industries, the synthetic dye business faced considerable uncertainty that led to many surprises for the agents involved. After the discovery of synthetic dyes, British firms led the industry for the first eight years, but German firms came to dominate the industry for decades; American firms, in contrast, played only a minor role in this important development. Murmann identifies differences in educational institutions and patent laws as the key reasons for German leadership in the industry. Successful firms developed strong ties to the centers of organic chemistry knowledge. As Murmann demonstrates, a complex coevolutionary process linking firms, technology, and national institutions resulted in very different degrees of industrial success among the dye firms in the three countries.