'Boats in a Rising River': The Challenges of a Hypergrowth Economy

It is no secret that the economies of India, China and other developing nations have been growing by leaps and bounds in recent years.

Entrepreneurs have started small companies, small companies have gotten larger, more people have gotten better jobs, and many firms now find themselves playing key roles in the global economy. It sounds like a win-win for all involved.

There is indeed a wide array of choices to make. It holds good for small and medium enterprise too.

There are lot of imformation regarding markets, growth factors, hiring practices and shifting corporate cultures.

Consider this, because you have a boat on the river, you don't really have to do anything elaborate -- in terms of strategy, employee training, all those things -- for your company to grow. When you are a company in a hypergrowth environment, you may also find that many opportunities will just present themselves -- opportunities not just in the business you're already in, but also in businesses you can get into. That's what some companies in China are doing." For example, some Chinese manufacturers have branched out into hotels and tourism.

Different organizations will have different challenges. With the development of railroads and so forth, you're talking about the formation of new industries at the beginning of the Industrial Age, whereas in the context of emergent economies, you're talking about rapid development of existing corporate forms and industries, "It's true that call centers in India are a somewhat new form of business, but it's not as if call centers hadn't existed already.

The brighter trends are showing in and hyper growth is going to stay. But with it come lots of uncertainites and high risk. can there be a single approach to all the problems? How to over come the ongoing crisis of the stock markets? Lot of questins are to be answered before taking the first step.