Innovation Inspiration : Innovation from the Developing World

03 May 2012|Added Value

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Can developed-world corporations rely on remaining at the forefront of innovation, or is there evidence that they’re losing ground? Do developed economies offer structural advantages when it comes to the generation and development of new ideas? Why are you going to hear a lot more about Frugal Innovation? Read on…

The future is Frugal
Remember when the Tata Nano was just a foretaste of what was to come? Emerging market corporations would out-think their developed-world counterparts by designing ideas for their consumers and then deploying them in Western markets. People thought the threat had gone away. Think again…
Frugal Ideas Are Spreading from East to West

Jagaad innovation
‘Jagaad’ means ‘a clever improvisation’ in Hindi – put simply, another way of describing the Frugal Innovation phenomenon. This Fast Company article describes what makes a country a seedbed of innovation: liberty, connectivity, diversity and – interestingly – resource-scarcity.
The 4 Factors that Make a Country Ideal for Innovation

Knowledge economies and innovation
Citing an OECD study, Thomas L. Friedman argues in the New York Times that countries that lack natural resources –like Taiwan – are forced to innovate the most compelling solutions; while those like Chile – long praised for its entrepreneurial culture – are being held back by their natural wealth.
Two cases in point: Taiwan versus Chile
Discover why this investor left Chile after just 6 months

Pass the books. Hold the oil.

The Global Innovation Index
So, which nations come top of the class in Innovation: the US? The Scandinavian countries? Some of the Asian leaders? What does innovation look like in emerging economies, and why is it changing the face of the global economy? Why are some nations more innovative than others? Take a look…
The Global Innovation Index

The Innovativeness of Nations

“The end of cheap China is at hand”
Chinese workers have recently been receiving huge pay increases, making other countries significantly cheaper sources of labor. What will this mean? Chinese companies will be forced to focus more on home-grown innovation as a source of competitive advantage. The latest Five Year Plan specifies the need for more “indigenous innovation,” but can the government let go?
Innovation in China: from Brawn to Brain

Why some Asian companies are less innovative?
Professor Geert Hofstede calls the phenomenon “power distance.” It’s widespread in Asian-based corporations and it crushes the more open model of inter-relationships and communication essential for innovation. In this HBR blog, Kate Sweetman describes its effect and ways to address it.
In Asia, Power Gets in the Way

A new Silicon Valley?
Internet use in Africa grew faster in the last decade than any other continent, and there are now 45 open innovation hubs. How fast can Africa catch up? 
Tech Hubs Spring up in Africa

And now for something completely different…

Ever wondered what comes after the Hipster?
Have reports of the Hipster’s demise been much exaggerated?
Read what the cultural experts have to say in Flavorwire.

You must have heard about Dollar Shave Club….?
Watch the video and find out

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Written by Jonathan Hall, Managing Director Added Value Cheskin.

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