Adapting to the voids in a country's input markets can present several challenges. These may include understanding the local market dynamics, dealing with supply chain issues, managing regulatory and legal complexities, and overcoming cultural differences. Additionally, companies must ensure that while adapting their business models, they retain their core business propositions. If the shifts are too radical, they may lose their advantages of global scale and global branding.
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To succeed, the scholars say, business models need to be tailored to each new nation's particularities. " may have to adapt to the voids in a country's product markets, its input markets, or both. But 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," Khanna and Graham Walker write in their article for "Harvard Business Review" ("HBR").
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