The $2,000 Car, an HBR blog entry by Vijay Govindrajan talks about how innovations such as the Tata's $2000 "Nano" car, Logitech's $20 mouse, and Deere & Company's 35-horsepower tractor called the "Krish" are all sources for "upstream innovation" in more developed markets such as those in the U.S. and Western Europe. This trend, which is he calls "Reverse Innovation" is a prime example of Principle #3 of my book of "going where no man has gone before."
Look to IT for Process Innovation?, an HBR blog entry by Brad Power talks about how many of the developments within the depths of your IT organization such as "Agile Development" can be the source of far reaching business process improvements across the entirety of your organization. An interesting companion blog entry to read in conjunction with my chapter on Principle #5 "Innovation Has Many Forms."
Finally, an interesting article by Cheryl Perkins titled "China offers new approaches to innovation" in PostCrescent.com. Cheryl discusses her recent trip to Shanghai China where she and her colleague Pat Clusman talked about innovation with Chinese companies, multinational organizations and government agencies at the China Institute for Innovation. An interesting contrast to another article I just read in the March19-March 25, 2012 issue of BusinessWeek titled "Hey China! Stop Stealing Our Stuff" that does an excellent job of pulling together many different intellectual espionage stories involving China and the resulting "transfer of wealth" from U.S. to China.
I hope you enjoy these blog entries and articles...
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