A new breed of multinationals, namely from emerging markets, is coming on the world stage. We will examine them from two perspectives: One, how do firms from resource-starved economies develop capabilities that allow them to compete with MNCs from the west? Two, what are some of their unique capabilities, processes, cultures and business models that western MNCs can learn?

1. The game is changing. Some MNCs in low-end segments are beating local players at their own game and some local challengers are winning against their more sophisticated competitors in knowledge-intensive industries. What strategies are being utilized?

2. Some scholars argue that emerging MNCs are finding it challenging to become global leaders and sustain their competitive advantage. What capabilities are needed? What strategies could work?

3. How important and relevant is a Global Mindset if globalization is turning into regionalization?