Resources
Useful and interesting links and events will be posted here. Watch this space for refinements and links.
COMPANIES / OTHER RESOURCES:
http://www.bitc.org.uk/resources/publications/serco_institute.html
http://www.scu.edu/socialbenefit/programs/frugalinnovation/
http://www.ge-energy.com/insights/industry_insights/frugal_innovation.jsp
http://frugalinnovation.blogspot.com/
ARTICLES BY THE ECONOMIST (Popularly espoused by them):
http://www.economist.com/node/15879359
http://www.economist.com/blogs/babbage/2011/08/frugal-innovation
ARTICLES:
1. HBR on “How GE is disrupting itself”: They call reverse innovation as developing (new) products (cheaply) in countries like China and India and then distributing them globally. Principles on page 9 may be useful to your audience.
2. Deloitte on “Necessity Breeds Opportunity Constraints, Innovation and Competitive Advantage”: Lays out aspects of institutional voids and affordability constraints that help spur this frugal innovation.
3. HBR on “Creating Shared Value”: Covers many issues but the following is pertinent to the topic — The societal benefits of providing appropriate products to lower-income and disadvantaged consumers can be profound, while the profits for companies can be substantial. For example, low-priced cell phones that provide mobile banking services …
4. McKinsey on “Innovation blowback: Disruptive management practices from Asia”: Provides examples of Chinese Chongqing motorcycle industry, Cummins diesel engines in India, and Aravind Eye Hospital. Discusses a new wave of disruptive product and process innovations from emerging markets that are helping established companies and a new generation of entrepreneurs to achieve new price-performance levels for a range of globally traded goods and services. Also discusses the role of networks in this innovation process.
5. Booz and Allen article on “The Rise of the New Blue Chips”.
6. Article from INSEAD on frugal innovation “As innovation drives growth in emerging markets, western economies need to adapt”.
7. AOM Perspectives on “West Meets East: Toward an Ambicultural Approach to Management” by AOM Conference Chair Ming-Cher Chen.
8. Nice graphic by WSJ on how dominant sectors and regions have changed over the last decade: WSJ_DecadeSectors091220
Other readings as outlined by the Economist are:
BOOKS:
The Emerging Markets Century. How a New Breed of World-Class Companies is
overtaking the World. By Antoine van Agtmael (Simon & Schuster, 2007)
The Machine That Changed the World. By James Womack, Daniel Jones and Daniel Roos
(Simon & Schuster, 2007)
The Fortune at the Bottom of the Pyramid. Eradicating Poverty through Profits. By C.K.
Prahalad (Wharton School Publishing, 2006)
The New Age of Innovation. Driving Co-Created Value Through Global Networks. By C.K.
Prahalad and M.S. Krishnan (McGraw Hill, 2008)
Silicon Valley. How China is Winning the Tech Race. By Rebecca Fannin (McGraw Hill, 2008)
Operation China. From Strategy to Execution. By Jimmy Hexter and Jonathan Woetzel
(Harvard Business School Press, 2007)
The China Strategy. Harnessing the Power of the World’s Fastest-Growing Economy. By
Edward Tse (Basic Books, 2010)
China Entrepreneur. Voices of Experience. By Juan Antonio Fernandez and Laurie Underwood
(John Wiley & sons, 2009)
The Miracle: The Epic Story of Asia’s Quest for Wealth. By Michael Schuman (Collins
Business, 2009)
India Unbound: From Independence to the Global Information Age. By Gurcharan Das
(Penguin Books, 2000)
The New Asian Hemisphere. The Irresistible Shift of Global Power to the East. By Kishore
Mahbubani (PublicAffairs, 2008)
The Only Sustainable Edge. Why Business Strategy Depends on Productive Friction and
Dynamic Specialization. By John Seely Brown and John Hagel (Harvard Business School Press,
2005)
Billions of Entrepreneurs. How China and India are Reshaping Their Future and Yours.
By Tarun Khanna (Harvard Business School Press, 2007)
Getting China and India Right. Strategies for Leveraging the World’s Fastest-Growing
Economies for Global Advantage. By Anil K. Gupta and Haiyan Wang (Jossey-Bass/Wiley,
2009)
India’s Global Powerhouses. By Nirmalya Kumar (Harvard Business Press, 2009)
Articles and Reports
Reverse Innovation. How GE is Disrupting Itself. By Jeffrey Immelt, Vijay Govindarajan and
Chris Trimble. Harvard Business Review, October 2009
From Push to Pull: the Next Frontier of Innovation. By John Seely Brown and John Hagel.
McKinsey Quarterly, August 2005
Innovation Blowback: Disruptive Management Practices from Asia. By John Seely Brown
and John Hagel. McKinsey Quarterly, February 2005
The New Global Challengers. How 100 Top Companies from Rapidly Developing
Economies are Changing the World. Boston Consulting Group, 2009
The Nature of Diversified Business Groups. By Pankaj Ghemawat and Tarun Khanna. Journal
of Industrial Economics, 198
How Emerging Giants are Rewriting the Rules of M&A. By Nirmalya Kumar, May 2009
The Rise of the New Blue Chips. By Gerald Adolph and Justin Pettit, Strategy and Business,
August 2008
Capturing the Asian Opportunity. Strategy and Business, November 2009
Necessity Breeds Opportunity. Constraints, Innovation and Competitive Advantage.
Deloitte Review, January 2009
Beyond Borders. Global Innovation 1000. Booz & Co, 2009