Economist (March 3)
2011/ 03/ 06 by jd in Global News
A new kind of global company is on the rise. Diversified multinationals from emerging markets are challenging long-held business principles. In the West, companies with strategic focus are considered more competitive than conglomerates. Yet diversified multinationals, such as India’s Tata Group, are competing successfully on a global level. These companies developed, in part, “to deal with the problems of operating in places where governments are frequently incompetent and markets are hopelessly underdeveloped.” Western businesses may have much to learn from this new breed of company.
Tags: Conglomerates, Diversified, Emerging markets, Tata
