ENGINEERING MANAGEMENT IN DEVELOPING ECONOMIES: THE EMIDE APPROACHES TO MEET THE NEW CHALLENGES

The pace of globalization is accelerating. It has been forecast that the Gross Domestic Products of the BRIC nations are expected to surpass those of the G6 countries by 2038. Regional economies will change rapidly, suggesting that engineering managers in the East will need to take different approaches to achieve success in the marketplace. This paper outlines five specific approaches, which constitute the EMIDE model, for engineering managers in the East to customize their engineering management practices, in order to capture these new growth opportunities, to expand beyond their local regions and to meet the challenges ahead.