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Global Innovation in Emerging Economies (Hardcover)
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Global Innovation in Emerging Economies (Hardcover)
Series: Routledge Studies in Innovation, Organizations and Technology
Expected to ship within 12 - 19 working days
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In recent decades, there have been significant changes in the way
corporate innovation activities are performed. They include changes
in the innovation process, flexibility to outsource certain
innovation activities, and by far, the most important one, wider
choice in the location of innovation. What caught the most
attention of is the trend towards globalization of research and
development (R&D) and thereby performance of innovation
activities away from the home countries. The main concerns relate
to the two new trends: First, the multinational corporations (MNCs)
locating strategic innovation activities in some countries outside
the industrialized world, which can be referred to as 'emerging
economies'; and Second, since 2000, some companies from the
emerging economies have started entering the global markets with
innovative products and services, developed through their own
R&D. Both these new developments have managerial implications
for companies and policy implications for the host countries (where
such R&D is performed), as well as for the home countries of
the companies. Further, innovative products and services resulting
from R&D activities in emerging economies seem to better
address the needs of consumers at the bottom-of-the-pyramid in
other developing countries. This book explores and analyzes these
issues. This research presented in Global Innovation in Emerging
Economies is applicable to both the industrialized and developing
worlds, although from different perspectives - the former would
like to prevent relocation of R&D from their countries, and the
latter want more of R&D-related investments.
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