PA’s Mark Thomas, a business strategy expert, is quoted in the Financial Times on the risks of operating in faster growing countries. The article focuses on the telecoms sector as TeliaSonera, the Nordic telecoms operator, faces intense pressure over its business in Uzbekistan. The partially government-owned company launched an investigation into claims of corruption when it purchased a telecoms licence in the central Asian country five years ago.
Mark says that companies need completely different skills in emerging markets, meaning that local knowledge can be crucial. He comments: “Our experience running companies in western countries can almost be a distraction. It is not just a language problem; it is a completely different way of looking at things.”
You can read the article in full here.
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