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11jul Aug Managing Innovation
11jul Aug Managing Innovation
Business Coach
Multinational companies which are making India their second home have brought in the culture of open innovation here. Companies like Xerox, P&G and General Mills are already perusing open innovation aggressively in India. Indian companies like Tata, Mahindra & Mahindra, Future Group and Biocon are not far behind and are already engaging with employees, vendors and customers to co-create. While companies in the west suffered from Not Invented Here syndrome and are working to get over it, many (not all) Indian companies suffer from Why Invent syndrome; good news isit is a declining tribe! There is a bigger shift in the making. With the worlds focus shifting to Asia, the responsibility of getting innovation done is also tagging along. And when that happens, local companies are joining the bandwagon for competitive reasons. In addition, Open Innovation in Service industry and benets of incremental innovation are getting quite an attention for ROI reasons. Some select Indian companies are quick to realize that there is a lead time needed to get into the culture of open innovation and co-creation. Companies with this foresight probably will dictate the landscape of domain leaders and the followers in this decade.
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Business Coach
Managing Innovation
Innovation in Thailand
http://www.talent-technologies.com
If your company wants to promote greater innovation in Thailand and across Asia, this recent IBM survey of 1,541 chief executives gives some indicators as to whats required. With feedback from more than 60 countries and 33 industries worldwide, the message is clear: more creative people are essential for companys future success.
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