What are the potential benefits of entering emerging markets?

To deal with economic differences when entering new markets, businesses need to tailor their models to each new nation's particularities. They may need to adapt to the voids in a country's product markets, its input markets, or both. However, it's crucial for companies to retain their core business propositions even as they adapt their business models. If they make shifts that are too radical, they risk losing their advantages of global scale and global branding.

Some strategies for dealing with regulatory differences when entering new markets include understanding and adapting to the local regulations, maintaining the core business proposition while making necessary adjustments, and leveraging global scale and branding advantages. It's also important to tailor the business model to the specificities of each new nation, which may involve adapting to the voids in a country's product markets, its input markets, or both.

Companies can ensure their business model is sustainable in emerging markets by tailoring their business models to each new nation's particularities. They may have to adapt to the voids in a country's product markets, its input markets, or both. However, companies must retain their core business propositions even as they adapt their business models. If they make shifts that are too radical, these firms will lose their advantages of global scale and global branding.