India and China Wise Up to Innovation

Harold Sirkin of Boston Consulting says rapidly developing economies, once content to copy and improve, are institutionalizing new thinking

Like other major company activities, innovation must be managed in a disciplined way. Yet innovation often is treated like a corporate stepchild. Because innovation may be scattered among many departments, the process of screening, prioritizing, and commercializing new ideas frequently is managed in an ad hoc way.

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