Business Quote by Dinesh Paliwal
“Reverse innovation is an innovation that is first adopted in developing markets and flows uphill to mature markets. This concept directs forward-looking companies to look beyond industrialized nations to draw new ideas, products, and processes from emerging economies.”
About This Quote
Source Business article: “Reverse Innovation” in Harvard Business Review, 2010
Companies should look to emerging markets for fresh ideas that can later succeed in developed economies.
In simple terms: Innovation can flow from developing to developed markets.
Seek ideas abroad.
Themes
Mood
Type
When to use this quote
- product development
- marketing strategy
- R&D
- policy making
Key Concepts
Questions to Reflect On
- What emerging market trends could inspire your industry?
- How will you adapt a foreign concept locally?
Adopting foreign ideas may face cultural resistance or regulatory hurdles.