GE Innovates from the Base of the Pyramid
Most business people would agree that being an innovator can be very valuable but this case suggests that it may be useful to â€œinnovate in the way one innovates,â€ like General Electric has done with its â€œreverse innovationâ€ strategy.
Write a 2-3 page paper where you discuss innovation and reverse innovation for large global businesses.
Address the following in your paper:
- What are the similarities and differences between GEâ€™s traditional innovation and reverse innovation?
- Why is GE so interested in reverse innovation?
- What are the main concerns that prevent Western MNEs from aggressively investing in emerging economies? What are the costs if they choose not to focus on emerging economies?
- Why is a leading US MNE such as GE afraid of emerging multinationals from emerging economies?
Include a title page and 2-3 references. Only one reference may be from the internet (not Wikipedia). The other references must be from the Grantham University online library. Please adhere to the Publication Manual of the American Psychological Association (APA), (6th ed. 2nd printing) when writing and submitting assignments and papers.