The time for being excited by emerging markets has been overtaken by the high energy and opportunities provided by frontier markets. Though there are a number of operational and financial risks of these extremely interesting environments for consulting firms, the opportunities are worth the challenges. A few of these delectable opportunities that I’ve come across include:
- Growth – Where everything has the potential of becoming the next big thing.
- Forward Looking – People simply don’t have the time to linger on the past because of the fast paced growth of businesses.
- Possibility of Everything – Because there’s less red tape than developed countries, it is possible to achieve anything.
- Making an Impact – From education to environment, there are endless gaps that can be filled given the drive.
So, just what do Consulting Firms need to do to find success in frontier markets? Check out the 10 tips on the roadmap in the infographic below.
So, what do you think? Any forks in the road you’d like to add to this roadmap for consulting firms? Is there anything you feel has helped you succeed in frontier markets? Share your experiences in the comments below.
Photo Credit: Big Stock Images