Innovation from Emerging Markets: From Copycats to Leaders

by Fernanda Cahen (Editor), Lourdes Casanova (Editor), Anne Miroux (Editor)

Overview

In recent years, emerging markets have come to represent the largest share of global GDP and have made gains in economic development and political influence. In turn, emerging market companies have taken on a new level of importance in driving innovation, local development and global competition. Advancing an integrative view that captures the diversity of innovation among companies in emerging markets, this book highlights the rapid evolution of emerging markets from imitators to innovation leaders. Building upon research conducted by the Emerging Multinational Research Network (EMRN) in collaboration with several universities in North and South America, Europe and China, this rich and expansive collection includes studies of innovation in regions yet to receive focused analysis in the field. The authors also re-examine dominant theories of innovation and capability creation based on a broad range of case studies and research insights. Offering a taxonomy of emerging market innovations, this collection reveals the unique drivers, types, and outcomes of innovation in emerging markets.

Product Details

ISBN-13:	9781108708371
Publisher:	Cambridge University Press
Publication date:	02/16/2023
Pages:	410
Product dimensions:	5.98(w) x 9.02(h) x 0.83(d)

About the Author

Fernanda Cahen is Assistant Professor of management at Centro Universitario FEI, Brazil, and Visiting Researcher at University of Southern California – Marshall School of Business. She is a Member of the Emerging Multinationals Research Network (EMRN) under the Emerging Markets Institute (EMI) at Cornell University. She co-edited the book Startups and Innovation Ecosystems in Emerging Markets – a Brazilian Perspective (2019).

Lourdes Casanova is Senior Lecturer and Gail and Roberto Cañizares Director of the Emerging Markets Institute (EMI) at the S.C. Johnson School of Management, Cornell University. She is the co-author of The Era of Chinese Multinationals: Competing for Global Dominance (with Anne Miroux, 2019), Entrepreneurship and the Finance of Innovation in Emerging Markets (2017) and The Political Economy of an Emerging Global Power (2014) and also the co-author of the EMI reports https://ecommons.cornell.edu/handle/1813/66953

Anne Miroux is Faculty Fellow at the Emerging Markets Institute, Cornell University and former Director of the Technology Division in the United Nations Conference on Trade and Development (UNCTAD). She is the co-author of The Era of Chinese Multinationals: Competing for Global Dominance (with Lourdes Casanova, 2019). and also the co-author of the EMI reports https://ecommons.cornell.edu/handle/1813/66953

Table of Contents

Introduction Fernanda Cahen, Lourdes Casanova and Anne Miroux; 1. A Framework for Innovation in Emerging Markets Lourdes Casanova, Anne Miroux and Fernanda Cahen; Part I. Drivers of Innovation in Emerging Markets: 2. The Breadth and Extent of Chinese Innovation as Documented in the 2017 Corporate Innovation Survey Zhaohui Xuan and Yu Chen; 3. The Rise of an Innovation Tiger: The Catch-Up of the Indian National System of Innovation Kristin Brandl and Ram Mudambi; 4. Exploring the Role of Government Involvement in Innovation: The Case of State Grid Corporation of China (SGCC) and INVAP Lourdes Casanova, Anne Miroux and Diego Finchelstein; 5. Digital Companies Driving Business Model Innovation in Emerging Markets: The Cases of Alibaba, Flipkart, Jumia and Mercado Libre Lourdes Casanova, Anne Miroux and Diego Finchelstein; 6. Entrepreneurial Ecosystems and Innovation in the Balkans Veneta Andonova; Part II. Types of Innovation in Emerging Markets: 7. The Political Economy of China's R&D Internationalization: Policy-Led Innovation and Changes in China's Growth Model Peter Gammeltoft and Max von Zedtwitz; 8. Emerging Pharmaceutical Companies from China, India and Brazil: From Generic Drugs to Innovation Strategies Fernanda Cahen; 9. Reverse Innovation and the Role of Local Partners in Emerging Markets: The Experience of Foreign Subsidiaries in Brazil Victor Ragazzi Isaac, Felipe Borini and Moacir de Miranda Oliveira Jr; 10. Innovation Based on Value Co-Creation Through Employees at HCL Technologies Anabella Davila; 11. Frugal Innovation in Brazilian Multinationals Itiel Moraes, Felipe Borini and Moacir de Miranda Oliveira Jr; 12. Innovation in War and Peace: How Colombian Conflict and Post-conflict Triggered Military and Business Model Innovation Juana García Duque, Veneta Andonova and María Emilia Correa; Part III. Innovation Outcomes in Emerging Markets: 13. Evaluating Outcomes of Innovation in Emerging Markets Anne Miroux, Lourdes Casanova and Fernanda Cahen; Conclusions: Emerging Markets Becoming Innovation Leaders Fernanda Cahen, Lourdes Casanova and Anne Miroux.

Editorial Reviews

‘The exclusive club of countries operating at the global technology frontier is getting larger. This impressive collection of studies help readers understand the admission process. An invaluable resource for policy makers, senior managers and investors alike.’ Peter Cornelius, Managing Director, AlpInvest Partners/The Carlyle Group

‘Innovation is present across different industries, organizations, and cultures. This detailed study elaborates on the complexity of innovation by presenting examples, diverse in geography and context, of successful innovation cases despite the lack of resources, institutional support, and HQ support (as is the case in reverse innovation). Someone said that to innovate is to find new or better uses for the resources we already possess, whether in the private or public sectors. All the cases of this study prove that this is the case.’ Julian Eguren, CEO, Exiros

From the Publisher