Article at a glance:

Building global champions in Latin America

• Few Latin American companies can be considered global leaders, in part because they have long operated in protected domestic markets that gave managers little incentive to develop a global orientation and a vision for expanding in foreign countries.
• However, the region’s companies are losing the luxury of remaining homebound. They must aspire to expand abroad by building the necessary strategic vision and organizational skills, particularly talent development.
• A company that truly understands its distinctive strengths and how they could be transferred to other markets should have a much better chance of succeeding abroad.

Note: This article includes translations in Portuguese and Spanish.