The Editors ANIL K. GUPTA is the Michael D. Dingman Chair in Strategy and Entrepreneurship at the Smith School of Business, the University of Maryland, and a visiting professor of strategy at INSEAD. A world-renowned scholar on global strategy, he is a regular speaker at major conferences and serves as an adviser and director for corporations in the United States, Europe, and Asia. TOSHIRO WAKAYAMA is a professor of innovation and strategy at the Graduate School of International Management, International University of Japan. U. SRINIVASA RANGAN holds the Luksic Chair Professorship in Strategy and Global Studies at Babson College. Known for his research on globalization, strategic management, and national competitiveness, he has consulted with and taught in executive education programs for firms in Asia, Europe, and North America.

• Preface ixAcknowledgments xvPart One: Gearing Up for the New Global Reality 11 Building the Next-Generation Global Enterprise 3Anil K. Gupta, Haiyan Wang2 Is Your Business Model Ready to Drill into the Core of the Diamond? 29Niraj Dawar, Charan BaggaPart Two: Winning the Local Competition in Emerging Asia 593 Coevolving Local Adaptation and Global Integration: The Case of Panasonic China 61Toshiro Wakayama, Junjiro Shintaku, Tomofumi Amano, Takafumi Kikuchi4 How Some Japanese Firms Have Succeeded Against Low-Cost Competitors in Emerging Markets 87Junjiro Shintaku, Tomofumi Amano5 Transferring Home-Grown Management Practices: The Case of Toyota in China 115Akira Tanaka, Yue WangPart Three: Acquisition-Driven Globalization from Emerging Asia 1396 Dubious Value of International Acquisitions by Emerging Economy Firms: The Case of Indian Firms 141Aneel Karnani7 Acquisition Advantage: How Emerging Market Firms Use Acquisitions, and What Incumbents Can Do About It 169U. Srinivasa Rangan, Sam HariharanPart Four: Innovation Opportunities and Challenges in Emerging Asia 2018 Innovating in the Vortex: New Perspectives from Radically Different Business Experiences in India 203Srikanth Kannapan, Kuruvilla Lukose9 Protecting Intellectual Property in China: A View from the Field 235Andreas Schotter, Mary B. Teagarden10 Competing in Emerging Asia: Reflections and Conclusions 265Anil K. Gupta, U. Srinivasa Rangan, Toshiro WakayamaNotes 285About the Editors and Contributors 309Index 321

The Editors ANIL K. GUPTA is the Michael D. Dingman Chair in Strategy and Entrepreneurship at the Smith School of Business, the University of Maryland, and a visiting professor of strategy at INSEAD. A world-renowned scholar on global strategy, he is a regular speaker at major conferences and serves as an adviser and director for corporations in the United States, Europe, and Asia. TOSHIRO WAKAYAMA is a professor of innovation and strategy at the Graduate School of International Management, International University of Japan. U. SRINIVASA RANGAN holds the Luksic Chair Professorship in Strategy and Global Studies at Babson College. Known for his research on globalization, strategic management, and national competitiveness, he has consulted with and taught in executive education programs for firms in Asia, Europe, and North America.

• Preface ixAcknowledgments xvPart One: Gearing Up for the New Global Reality 11 Building the Next-Generation Global Enterprise 3Anil K. Gupta, Haiyan Wang2 Is Your Business Model Ready to Drill into the Core of the Diamond? 29Niraj Dawar, Charan BaggaPart Two: Winning the Local Competition in Emerging Asia 593 Coevolving Local Adaptation and Global Integration: The Case of Panasonic China 61Toshiro Wakayama, Junjiro Shintaku, Tomofumi Amano, Takafumi Kikuchi4 How Some Japanese Firms Have Succeeded Against Low-Cost Competitors in Emerging Markets 87Junjiro Shintaku, Tomofumi Amano5 Transferring Home-Grown Management Practices: The Case of Toyota in China 115Akira Tanaka, Yue WangPart Three: Acquisition-Driven Globalization from Emerging Asia 1396 Dubious Value of International Acquisitions by Emerging Economy Firms: The Case of Indian Firms 141Aneel Karnani7 Acquisition Advantage: How Emerging Market Firms Use Acquisitions, and What Incumbents Can Do About It 169U. Srinivasa Rangan, Sam HariharanPart Four: Innovation Opportunities and Challenges in Emerging Asia 2018 Innovating in the Vortex: New Perspectives from Radically Different Business Experiences in India 203Srikanth Kannapan, Kuruvilla Lukose9 Protecting Intellectual Property in China: A View from the Field 235Andreas Schotter, Mary B. Teagarden10 Competing in Emerging Asia: Reflections and Conclusions 265Anil K. Gupta, U. Srinivasa Rangan, Toshiro WakayamaNotes 285About the Editors and Contributors 309Index 321

The Editors ANIL K. GUPTA is the Michael D. Dingman Chair in Strategy and Entrepreneurship at the Smith School of Business, the University of Maryland, and a visiting professor of strategy at INSEAD. A world-renowned scholar on global strategy, he is a regular speaker at major conferences and serves as an adviser and director for corporations in the United States, Europe, and Asia. TOSHIRO WAKAYAMA is a professor of innovation and strategy at the Graduate School of International Management, International University of Japan. U. SRINIVASA RANGAN holds the Luksic Chair Professorship in Strategy and Global Studies at Babson College. Known for his research on globalization, strategic management, and national competitiveness, he has consulted with and taught in executive education programs for firms in Asia, Europe, and North America.

• Preface ixAcknowledgments xvPart One: Gearing Up for the New Global Reality 11 Building the Next-Generation Global Enterprise 3Anil K. Gupta, Haiyan Wang2 Is Your Business Model Ready to Drill into the Core of the Diamond? 29Niraj Dawar, Charan BaggaPart Two: Winning the Local Competition in Emerging Asia 593 Coevolving Local Adaptation and Global Integration: The Case of Panasonic China 61Toshiro Wakayama, Junjiro Shintaku, Tomofumi Amano, Takafumi Kikuchi4 How Some Japanese Firms Have Succeeded Against Low-Cost Competitors in Emerging Markets 87Junjiro Shintaku, Tomofumi Amano5 Transferring Home-Grown Management Practices: The Case of Toyota in China 115Akira Tanaka, Yue WangPart Three: Acquisition-Driven Globalization from Emerging Asia 1396 Dubious Value of International Acquisitions by Emerging Economy Firms: The Case of Indian Firms 141Aneel Karnani7 Acquisition Advantage: How Emerging Market Firms Use Acquisitions, and What Incumbents Can Do About It 169U. Srinivasa Rangan, Sam HariharanPart Four: Innovation Opportunities and Challenges in Emerging Asia 2018 Innovating in the Vortex: New Perspectives from Radically Different Business Experiences in India 203Srikanth Kannapan, Kuruvilla Lukose9 Protecting Intellectual Property in China: A View from the Field 235Andreas Schotter, Mary B. Teagarden10 Competing in Emerging Asia: Reflections and Conclusions 265Anil K. Gupta, U. Srinivasa Rangan, Toshiro WakayamaNotes 285About the Editors and Contributors 309Index 321