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Index
Cover
Title Page
Copyright
Foreword
Preface
Acknowledgments
Introduction
Chapter 1: An Overview
Identifying the Rough Diamonds
The High Performance of Rough Diamonds
The Evolving Landscape in the BRIC Countries
Rough Diamonds Propel Emerging Markets
Grow, and Grow Alike
Beyond Exemplary Firms, What Is Really Different?
Notes
Chapter 2: The Four Cs of High Performance
The Four Cs for Sustaining High Performance
Putting the Four Cs to Work
Notes
Chapter 3: Capitalizing on Late Development
Sources of Opportunity in Late Development
Rough Diamonds Capitalize on Favorable Government Policy
Rough Diamonds Exhibit Relentless Passion in Adversity
Rough Diamonds Excel at Building Relationships or Technological Expertise
First Capitalize, Then Create
Notes
Chapter 4: Creating Inclusive Market Segments and Niches
Rough Diamonds Anticipate and Respond to Consumer Expectations
Rough Diamonds Consolidate Fragmented Pockets of Demand
Rough Diamonds Develop Deep Differentiation Advantages
Rough Diamonds Grab the First-Mover Advantage
Notes
Chapter 5: Crafting Operational Excellence
Rough Diamonds Excel at Integrated Logistics and Supply Chain Management
Rough Diamonds Nurture Collaborative Innovation
Rough Diamonds Embrace Total Quality Assurance
Rough Diamonds Build Flexible, Agile, and Cohesive Management Systems
Notes
Chapter 6: Cultivating Profitable Growth
The Direction of Rough Diamond Diversification
The Speed and Extent of Rough Diamond Diversification
Examining the Mode of Product Diversification
Different Countries Spawn Different Growth Patterns
Notes
Chapter 7: How Rough Diamonds Avoid the Growth Fetish
What Is Sustainable Growth?
Sales or Profits? An Overview of BRIC Companies
Not All Growth Is Good
Examining Growth Trajectories in the BRICs: Four Scenarios
Cross-Country Differences
Why Profitability Matters in Emerging Markets
Integrating Profitability with Qualified Sales Growth
Profitable Growth Through Core Competencies
Notes
Chapter 8: Hypergrowth: Can It Be Sustained?
Privatization in Emerging Markets
Diagnosing Sustained Growth from Primary Drivers
Assessing Sustained Growth Using Secondary Drivers
Notes
Chapter 9: National Differences: A Tale of Four Countries
China: Mobilizing Relational Capital for Growth
Brazil: Capability-Based Brand Advantage
Russia: Entrepreneurial Leadership for Growth
India: Strategically Managed Innovation for Growth
Commonalities and Differences
Notes
Chapter 10: Responding to Rough Diamonds: Implications and Recommendations
Rethink the Rules of the Game
Local Is the New Normal
Reduce Ethnocentric Tendencies
Recognize That Some Conventional Beliefs About Emerging Markets No Longer Apply
Develop a Contingency Plan for Strategic Partnerships with Rough Diamonds
Current and Future Rough Diamonds Signal the Sustained Growth of Emerging Markets
Notes
Appendix: Methodology
Criteria Selection for Identifying the Rough Diamonds
Checking Rough Diamonds Against the Comparison Groups
The Authors
Index
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