Emerging Markets Business Summer 2016 | Page 10

EMB 50 96 ATHEWORLD OF FINE DINING. TOP FIVE EMERGING MARKET FEATURE RESTAURANTS FOR BUSINESS AND PLEASURE. INTEGRATE AND SUCCESSFULLY CONTROL YOUR VALUE CHAIN SOBHA’S SECRET TO QUALITY ANDREAS GEORGOULIAS Backward integration is not for everyone, but if done well, it can be the key to long-term success. Just ask Dubai-based real estate developers, Sobha Group. 60 CASE STUDY OUT OF AFRICA? As the growth of Africa’s middle-class falls short of expectations and foreign firms lose out to local competition, the African fate of a leading multinational hangs in the balance. 66 INSIGHTS MIGRATING EMERGING MARKET MULTINATIONALS HELENA BARNARD As emerging market firms seek a place on the global stage, some are shifting their HQs to advanced economies in pursuit of the infrastructure and networks that will earn them a respected edge. 70  CONCEPTS TO REVOLUTIONIZE PEOPLE DECISIONS RICHARD E. NISBETT Scientific thinking can revolutionize the way we make decisions about our workforce. 8  Emerging Markets Business  Summer 2016 • Issue No. 1 78  ORGANIZATIONAL CULTURE – OFTEN INVALID? RICHARD D. LEWIS More than half of cross-border M&A deals are said to have failed. The root cause? Lack of cultural understanding, says the man who has been doing business with cultures worldwide for more than 50 years. 84  THE UNIVERSAL SECRET TO HIGH-PERFORMING CULTURE LINDSAY MCGREGOR AND NEEL DOSHI Corporate culture can determine both employee and company performance, with total motivation or “tomo” the key to growth and sustainability in any market. 90  WHEN BAD THINGS HAPPEN TO GOOD COMPANIES: WHAT TO DO WHEN CONFIDENCE IN LEADERSHIP IS LOST VICTOR LIPMAN Once your name hits the headlines it’s too late. Dealing with reputational risk before crisis sets in is vital.