Many multinational corporations are now investing in emerging market economies (EMEs). At the same time, within these countries, local entrepreneurs are starting up new ventures or looking to expand existing businesses. Yet the rate of new venture failures in these markets is high. This book suggests that the best way for companies operating in EMEs to find a distinctive and sustainable market position is to address what is unique and valuable in the EME itself. The book presents a series of studies from different scholars, which help readers to understand the distinctive nature of EMEs. The contributors consider how entrepreneurial activities are successfully carried out in EMEs, how these activities can take advantage of new technologies, and what the main constraints are. Each article is written in an accessible style, free from jargon, making the collection suitable for readers with no prior technical knowledge.
Chapter 1: Introduction, by A. Cooper, S. Alvarez, A. Carrera, L. Mesquita and R. Vassolo
Section I: Entrepreneurial Theory about Uncertainty and Entrepreneurial Environments
Chapter 2: Can Organizing A Firm Create New Economic Value? by S. Alvarez and Jay Barney (Ohio State University)
Chapter 3: How Entrepreneurs Create Wealth in Transition Economies, by M. Peng and S. Shekshnia
Chapter 4: International Entreprenuership in Emerging Economies: A Resource-Based Perspective, by R. Duane Ireland (University of Richmond)
Section II: How Much Does Country Matters? Empirical studies
Chapter 5: Entrepreneurship in Developing Countries, A. Cooper and X. Yin (Purdue University)
Chapter 6: How Much Does Country Matters? by L. Brito and Vasconcelos (Getulio Vargas)
Chapter 7: Do Cluster Matter to Entrepreneurship and Development? Theoretical Perspectives and Latin American Empirical Studies, by H. Rocha (London Business School)
Chapter 8: The Political Foundations of Inter-firm Networks and Social Capital: A Post-Communist Lesson, by Gerald McDermott (The Wharton School)
Chapter 9: External Networks of Entrepreneurial Teams and High Technology Venture Performance in Emerging Markets, by B. Vissa and A. Chacar (INSEAD)
Chapter 10: Entrepreneurial Innovation in Standards Based Industries: Insights from Indian IT Product Firms, by T. Madanmohan (Indian Institute of Management Bangalore)
Chapter 11: Effects of Market Liberalization on Joint Venture Contributions and Control: An Empirical Study of International JVs in India, by J. Anand (Ohio State University) and P. Kale (University of Michigan