Wednesday, May 12, 2010

Avoid costly mistakes

BookValue
Winning in Emerging Markets
Tarun Khanna and Krishna G. Palepu
( www.hbr.org)

Surviving ‘institutional voids' in markets

The most important feature of any market is the ease with which buyers and sellers can come together to do business, note Tarun Khanna and Krishna G. Palepu in Winning in Emerging Markets: A road map for strategy and execution. “In developed markets, a range of specialised intermediaries provide the requisite information and contract enforcement needed to consummate transactions. Most developing markets fall short on this count,” they add.

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