Global Leaders, Challengers and Champions

In 2006, the Boston Consulting Group first published its list of “global challengers” – the top 100 emerging market companies across 63 economic sectors. These firms grew their revenue at triple the rate of their developed market competitors between 2009 and 2014. Broadly, the business-to-business (B2B) enterprises have a more global span than the business-to-consumer (B2C) concerns, but all types of companies use M&A to extend their geographic reach. B2Bs with a commodities focus have benefited from demand in China, while the fortunes of heavy equipment manufacturers have risen with the increase in infrastructure...