But these companies do have a distinct
advantage, and it stems from a mind-set
formed by business environments that
are in constant flux—where labor is abundant
and inexpensive but often unskilled,
infrastructure is far from state-of-the-art,
regulations may change unpredictably,
and political instability is common. They
are more impatient than developed-world
companies—their internal clock speed
seems faster. They’re open to opportunities
neglected by established multinationals.
They have a higher appetite for risk and a
higher tolerance for failure.