What particular conditions that firms face in emerging markets may require specialized strategies?

Question

What strategies might be most appropriate in response?

Answer 1

You will witness this scenario in the very near future.
With the government mandate that all vehicles must get 35 MPG , by 2020, you will see a fierce battle to be the "firstest "with the "mostest".
That's only 12 years from now. With the life of cars around ten years, the present ones, and ones made as they are in the next 5 years, won't be worth crap.
The "muscle cars" will be a thing of the past. Very shortly.

This has to answer part of your question.