Emerging Markets Business Summer 2016 | Page 33

EMB It's a First Generation Corporate Society. p. 32 Non-Consumption is Your Fiercest Competition — and it is Winning. p. 37 What's Your Legacy? p. 43 FIRST GENERATION CORPORATE SOCIETIES From Asia, to Africa, to Latin America, the emerging markets form a rich tapestry of cultures, landscapes and economic drivers. Yet, amid their diversity, there is a commonality that unites many nations of the emerging world: their shared experience as first generation corporate societies. Many have histories that date back millennia and some have given rise to entire civilizations, but for a significant number of emerging markets, the era of corporatization is only just dawning. This is a fact that is often overlooked by corporate leaders and one that creates a host of unique challenges, complexities and opportunities for businesses across the globe. From insight into the journey to corporatization, to understanding competition in a world where non-consumption reigns, EMB explores what it means to be—and do business in—a society in its first generation of corporate life. EMBreview.org  31