As debate continues over investment in emerging markets and the global impact they will have in coming years, companies are also faced with the decision of which global markets are the best choice. In their new book Winning in Emerging Markets, Professors Tarun Khanna and Krishna G. Palepu make the innovative argument that the primary exploitable characteristic of an emerging market is not its size or probable growth—but rather its lack of institutions. While such “institutional voids” present challenges, the professors say these voids also provide major opportunities for those willing to look at global markets from a different angle. Participants will benefit from the authors’ research on assessing emerging markets’ potential and crafting strategies for succeeding in those markets.

Professor Tarun Khanna
Tarun Khanna is the Jorge Paulo Lemann Professor at the Harvard Business School, where he has studied and worked with multinational and indigenous companies and investors in emerging markets worldwide. He joined the faculty in 1993, after obtaining an engineering degree from Princeton University (1988) and a Ph.D. from Harvard (1993), and an interim stint on Wall Street.  During this time, he has served as the head of several courses on strategy, corporate governance, and international business targeted to MBA students and senior executives at Harvard. He currently teaches in Harvard's executive education programs and is Faculty Chair for HBS activities in India.

Professor Krishna Palepu
Krishna G. Palepu is the Ross Graham Walker Professor of Business Administration and Senior Associate Dean for International Development, at the Harvard Business School. Prior to assuming his current administrative position, Professor Palepu held other positions at the School, including Senior Associate Dean, Director of Research, and Chair, Accounting and Control Unit.

These lunchtime events--available to all HBS clubs worldwide--are only for paid members of the New York Club; one of the continuing benefits of supporting the wide range of activities for area alumni and other goals of the Club--including providing scholarships and pro-bono consulting. If you would like to become a member, do so on-line or if you need help with the website, call the Club office at 212-947-5544.

Tuesday, May 25th