Despite the size and remarkable growth of emerging markets, a surprising number of companies are falling short of achieving their business goals. In fact, just 47 percent of the more than 440 senior executives surveyed by Deloitte's Global Manufacturing Industry Group said their companies had been extremely or very successful in meeting their revenue goals in emerging markets.

What is preventing companies from fulfilling their goals? "Most likely it's because the complexity of their business continues to increase and it's a daunting task to integrate and manage their emerging market operations," suggests Mr. Gary Coleman, global managing director for manufacturing, and partner, Deloitte & Touche USA LLP.

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