A rigorous analysis of how the innovative practices of emerging multinationals from the BRIC countries are transforming global competition.

Introduction Peter J. Williamson, Ravi Ramamurti, Afonso Fleury and Maria Tereza Leme Fleury; Part I. Innovation and Competitive Advantage: 1. Innovation by Brazilian EMNEs Moacir de Miranda Oliveira Junior, Felipe Mendes Borini and Afonso Fleury; 2. Innovation by Russian EMNEs Sergey Filippov and Alexander Settles; 3. Innovation by Indian EMNEs Nikhil Celly, Jaideep Prabhu and Venkat Subramanian; 4. Innovation by Chinese EMNEs Peter J. Williamson and Eden Yin; Commentaries on Part I: i. The contribution of innovation to EMNEs' competitive advantage Bridgette Sullivan-Taylor; ii. Innovation in emerging markets and the rise of emerging market MNEs Ram Mudambi; Part II. Value-Chain Configuration and Competitive Advantage: 5. Value-chain configuration of Brazilian EMNEs Afonso Fleury, Maria Tereza Leme Fleury and Felipe Mendes Borini; 6. Value-chain configurations of Russian EMNEs Valery S. Katkalo and Andrey G. Medvedev; 7. Value-chain configurations of Indian EMNEs Suma Athreye; 8. Value-chain configurations of Chinese EMNEs Kaimei Wang and Yongjiang Shi; Commentaries on Part II: i. How emerging market multinational companies upgrade capabilities using value-chain configuration in advanced economies Alvaro Cuervo-Cazurra; ii. Value-chain configurations of emerging country multinationals Jagjit Singh Srai; Part III. Mergers and Acquisitions and Competitive Advantage: 9. Cross-border M&A and competitive advantage of Brazilian EMNEs Alvaro B. Cyrino and Erika P. Barcellos; 10. Cross-border M&A and competitive advantage of Russian EMNEs Kalman Kalotay and Andrei Panibratov; 11. Cross-border M&A and competitive advantage of Indian EMNEs Ravi Ramamurti; 12. Cross-border M&A and competitive advantage of Chinese EMNEs Peter J. Williamson and Anand P. Raman; Commentaries on Part III: i. Cross-border M&A by the new multinationals: different reasons to 'go global' Simon Collinson; ii. Cross-border acquisitions by EMNEs Ravi Sarathy; Conclusion: rethinking the implications of EMNEs' rise Peter J. Williamson, Ravi Ramamurti, Afonso Fleury and Maria Tereza Leme Fleury; References; Index.