Trend Report

Corporate India Plugs Into Innovation Networks

Open-Minded Indian Firms Broker And Transform Inventions Sourced Worldwide

Navi Radjou
 and  two contributors
Jul 09, 2008

Summary

Unlike Western companies stuck in vertically integrated R&D and go-to-market models, Indian firms realize that you don't need to invent in order to innovate in today's interconnected knowledge economy. To win in the 21st century global marketplace, Indian firms like ICICI Bank, Larsen & Toubro (L&T), Marico Industries, and Tata Consultancy Services (TCS) are proactively migrating their organizations to Innovation Networks — a collaborative market structure that matches innovation demand with a worldwide supply of talent, capital, and ideas. Tech vendors are well positioned to help Indian CEOs operationalize their Innovation Network strategy — the success of which hinges on effectively engaging employers, customers, and partners in win-win partnerships.

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