What are the potential benefits of entering emerging markets?

Entering emerging markets can offer several potential benefits. It can provide access to new customer bases, increase sales and revenue, and diversify business risk. It can also offer opportunities for innovation and learning, as companies may need to adapt their business models to suit the unique characteristics of these markets. However, it's important to note that entering emerging markets also comes with challenges and risks, such as cultural differences, regulatory issues, and market volatility.

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Emerging Markets

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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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What are some strategies for dealing with economic differences when entering new markets?

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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.

What are some strategies for dealing with regulatory differences when entering new markets?

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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.

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