The neglected need for strategic renewal in emerging markets: Lessons from Vietnam in transition |
| |
Authors: | Markus Taussig |
| |
Institution: | NUS Business School, Mochtar Riady Building, #06-34, 15 Kent Ridge Drive, Singapore 119245 |
| |
Abstract: | Research on strategy in emerging markets is based on overly static representations, paying insufficient attention to the impact of contextual change on the value of firms’ resources. This article examines how a sample of the most successful Vietnamese private companies during the first decade of their country's transition from central planning was affected by the shifting rules of the game in their business environment. I suggest the primary takeaway is that sustained superior performance in an environment with changing keys to success requires dedicated and ongoing strategic renewal. I also suggest the need for both scholars and managers to immerse themselves in emerging markets if they care to fully understand the granular ways in which these settings differ from more familiar advanced economies. |
| |
Keywords: | Vietnam Emerging markets Strategic renewal Environmental change |
本文献已被 ScienceDirect 等数据库收录! |