The world is becoming increasingly interconnected across all fronts at an unprecedented pace; it is posited that networks, knowledge and innovation, and entrepreneurship drive growth and development. The rise of emerging markets and growth of global supply chains are attributed to globalisation and technology; MNEs were able to collaborate and form strategic levers using the power of comparative advantage and engage human capital worldwide virtually despite the national boundaries. The digital revolution also resulted in dramatic structural and organisational changes and disruption of traditional businesses, and job markets. The 2008 crisis amplified the weaknesses of institutions, and inadequacies of free markets in sustaining growth in OECD countries; whereas, most of the emerging markets were able to maintain a reasonable rate of growth and actively pursue inward and outward trade and investment. A number of emerging market firms were able to internationalise their operations through acquisitions and mergers as well as greenfield investments.
These dynamics continue to transform the business environment and the nature of competition in emerging markets. There is considerable interest in examining how Western businesses compete in these markets and likewise, the firms from emerging markets engage in matured markers. Managers and policy makers need to be aware of this shifting competitive landscape. In view of the strategic importance of these challenges, this special issue invites conceptual and empirical papers addressing these themes.
Suitable topics include, but are not limited to, the following:
- Institutions and economic governance
- Global connectivity, knowledge clusters and entrepreneurship
- Education, human capital and skills in a global context
- Emerging markets and trends in competitive strategy
- Management practices, OB and HRM in a global context
- Finance, accounting and transparency issues
- Marketing and communication in a connected environment
- Sustainability growth: CSR perspectives in an emerging market context
Submission of manuscripts: 30 October, 2016