Globalization presents unparalleled business opportunities, but the threat of disruption looms large. Many companies have built sizable international footprints, yet struggle to maximize their potential in the face of changing markets, evolving consumer profiles, and the rising local competitors. Winning globally can be an incredible source of value creation, but it takes hard work, commitment, and a fundamental transformation of many organization functions.

A number of global industries have seen disruption from emerging-market players. Many others are likely to follow. What determines which industry sectors are next and who comes out on top?

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Today’s global challengers—fast-growing, fast-globalizing companies—are from emerging markets. BCG’s Global Challenger-to-Leader Program supports these and other expanding businesses in emerging markets in their quest to become worldwide leaders in their respective industries.

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How does a Latin American auto parts industry challenger become a legitimate multinational leader? By developing a global vision and a long-term strategy.

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