Trends Report

Corporate India Plugs Into Innovation Networks

Open-Minded Indian Firms Broker And Transform Inventions Sourced Worldwide

July 9th, 2008
NR
Navi Radjou
With contributors:
Thomas Mendel, Ph.D. , Janine Liu

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.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.