In this podcast interview, FSG expert advisor Chris Gilbert discusses practical steps for building a successful regional expansion strategy in Russia with Martina Bozadzhieva, FSG’s Senior Analyst for Central and Eastern Europe. Key points discussed include: 1. Developing a process…
Tie Incentives to Strategy Execution in Emerging Markets
Are multinational firms undercutting their growth potential in emerging markets because of their incentive systems? While average growth rates across global emerging markets are healthy (14% expected in 2011 from a recent Frontier Strategy Group survey), there does exist a…
To Differentiate Your Corporate Culture, First You Must Define It
Bristol-Myers Squibb (NYSE: BMY) recently announced changes to its top management team, including key changes to its emerging markets leadership. The company was able to promote from within because, as CEO Lamberto Andreotti remarked, “a focus on developing talent at…
Middle Management’s Role in Strategic Planning
In recent posts, we’ve taken a look at two critical questions senior executives need to be asking themselves as they undertake the strategic planning process in emerging markets. First, we questioned whether the planning process may be too reliant on…
Scenario Planning for Emerging Markets
In my previous post on the topic of strategic planning, we took a closer look at the personal and professional risks that executives face through the strategic planning process. In this post, we will focus on another thorny question: Is…