Harvard Business School Introduces Program to Help Realize Opportunities in Emerging Markets
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BOSTON—Harvard Business School (HBS) announced a new Executive Education program, Building Businesses in Emerging Markets which will take place on the HBS campus in April 2011. As the global economy continues its rapid transformation, businesses across many industries are looking to tap into the vast potential of emerging markets. According to a recent report published by PwC, The World in 2050, the largest E7 emerging economies are likely to be bigger than the current G7 economies by 2020, measured by GDP in purchasing power parity (PPP) terms. This program is designed to provide participants with frameworks to understand emerging markets, identify new business opportunities, and optimize their organization's business strategy and its execution in specific countries. The course is co-chaired by Krishna G. Palepu, Ross Graham Walker Professor of Business Administration, Senior Associate Dean for International Development, and V. Kasturi Rangan, Malcolm P. McNair Professor of Marketing. Companies expanding their presence in developing countries cannot expect to succeed by simply transplanting business models, products, and services that were developed for mature markets. "When multinational corporations attempt to enter emerging markets and fail, it is generally due to a lack of understanding of the ecosystem within that market: how its structure behaves, the unique nature of interpersonal relationships and how areas such as distribution or regulation differ from other markets," said Professor Krishna G. Palepu. "Companies and business leaders who seek to understand and master the nuances of each market are likelier to succeed." The program curriculum focuses on both strategic and execution issues and will address challenges facing both multinational and local businesses looking to grow in emerging markets. "Much of the focus among businesses seeking to penetrate emerging markets has been on targeting customers at the top of the income scale," said Professor V. Kasturi Rangan. "But if companies are able to think creatively and innovate, they can tap into the sizeable market at the middle and the base of the income pyramid by understanding how business can provide solutions to the unique challenges and opportunities among these segments." Through a combination of classroom sessions, small-group work, case study discussions, peer-to-peer interaction, and action-planning workshops, this program gives executive participants a systematic framework for assessing the institutional context of any emerging market, and build strategies that will establish a profitable, long-term presence. For more information, please contact: Program Details: Building Businesses in Emerging Markets |
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Harvard Business School, located on a 40-acre campus in Boston, was founded in 1908 as part of Harvard University. It is among the world's most trusted sources of management education and thought leadership. For more than a century, the School's faculty has combined a passion for teaching with rigorous research conducted alongside practitioners at world-leading organizations to educate leaders who make a difference in the world. Through a dynamic ecosystem of research, learning, and entrepreneurship that includes MBA, Doctoral, Executive Education, and Online programs, as well as numerous initiatives, centers, institutes, and labs, Harvard Business School fosters bold new ideas and collaborative learning networks that shape the future of business.