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Competitive Advantage from the Bottom of the Pyramid

LDRLB

The BoP markets are a hotbed for innovation and companies that are able to mold their business models to fit within this paradigm can truly alter traditional business models. Glocalization” of products has made LG successful where other South Asian companies have struggled. Innovation Sandbox” was the term coined by C.K.

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CMI Hong Kong: updates from the board

Chartered Management Institute

Mellisa Patrick CMgr MCMI, CMI’s programme development manager, attended the event to engage with potential new partners, including universities, colleges, and technical and vocational education and training (TVET) providers. We look forward to more collaborations with different organisations and insightful engagement events in the new year!

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The $2,000 Car

Harvard Business Review

Increasingly, Western companies are developing products in countries like China and India, and then distributing them globally. For example, GE developed an ultra-low-cost ultrasound for rural China which is now marketed in over 100 countries. Surprisingly, such innovations defy gravity and flow uphill from the poor to the rich.

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3 Ways Social Entrepreneurs Can Solve Their Talent Problem

Harvard Business Review

The impact of “social entrepreneurs” — individuals who deploy innovation and market forces to fill social needs — is growing. Just as entrepreneurs of all kinds need to anticipate consumer trends and product development, they also need to stay ahead of their hiring needs. Vincent Tsui for HBR. Fair enough.

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P&G Innovates on Razor-Thin Margins

Harvard Business Review

But that is not the story in developing markets, where these top-of-the-line products don't fare nearly as well. This is an excellent story of reverse innovation in action.but the story has only just begun. Recently, P&G has completely reversed the innovation approach at Gillette.

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Great Advertising Is Both Local and Global

Harvard Business Review

One solution to this tension is to pursue what we call glocal advertising strategy — locally adapting a universally embraced core idea that will resonate in any market anywhere in the world. By getting the glocal model right, Johnnie Walker reversed a continuing decline and more than doubled its global business in ten years.