Social-cultural learning can be illustrated through the examination of businesses operating out of both developed and emerging economies. A close examination of their similarities and differences provides distinctions with their beliefs toward business operations and ethics. This type of examination can lend insight into how companies within emerging economies are able to leverage their resources and capabilities in the development and growth of successful operations.
The pervasive thought is emerging economies represents untapped potential (Chiou, 2013). However many companies such as Walmart have undertaken operations within these markets only to come up unsuccessful (Peng, 2014). So why would a US giant such as Walmart face problems within these emerging economies? Contrast this with (once) small startups Lenovo, Acer and Tata, these companies have found tremendous success conducting operations within such markets.
This analysis will evaluate and compare the core resources and capabilities (R&C) of successful firms from both emerging multinational economies versus those within developed countries. This analysis will conclude with a role play of the potential ethical dilemmas leaders face, running a multinational firm within an emerging market. This role play will assume a new leader is faced with taking over a copycat firm who is in clear violation of intellectual property rights of a rival firm. The analysis will address the author’s perspective on how such a situation can be handled.
Copycat firms within emerging markets (such as Lenovo, Acer and Tata) can be considered learning firms. Copycats essentially learned how to conduct business from an already successful business model. Their ability ...
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Gupta, P. (2012, May 23). Dell's strategy questioned as shares dive. Reuters. Retrieved from http://www.reuters.com/article/2012/05/23/us-dell-research-idUSBRE84M0OR20120523
Herper, M. (2013, August 11). The cost of creating a new drug now $5 billion, pushing big pharma to change. Forbes, Retrieved from http://www.forbes.com/sites/matthewherper/2013/08/11/how-the-staggering-cost-of-inventing-new-drugs-is-shaping-the-future-of-medicine/
Lindsay, M. (n.d.). 8 ways to ensure your new-product launch succeeds. Fast Company, Retrieved from http://www.fastcompany.com/1829483/8-ways-ensure-your-new-product-launch-succeeds
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