Although you have made a great progress, I feel that you are still on the borderline, which means that you will be taking a risk (quite large one) if you take the final exam this time.
First, you definitely need English editing, since the draft has so many grammatical mistakes and typos. Some of the sentences are rather hard to understand. For example, the proposition 1 needs rephrasing. It is hard to understand what you mean by it.
All the propositions need some reconsideration, since they seem to be rather ordinary. Are they particular to emerging markets? Some of them seem to be also applicable to incumbents. If it's particular to emerging markets, you have to state the logic clearly. You have some explanation,
but the logic doesn't seem so clear.
It's good that you now have three companies in the case, but since this is basically one case study, you need to state the case such as development of the market and technological competence more deeply, and show the relationship among the elements more clearly to show the process of coevolution. I think that you yourself understand the process very well, but it still doesn't come out so clearly, probably because of the writing.
I don't oppose if you want to take the final exam, but please understand that you will be taking a great risk if you choose to do so.
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