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Made in India for the World: An Empirical Investigation into Novelty and Nature of Innovations

In: Lead Market India

Author

Listed:
  • Daniel Tobias Hagenau

    (Hamburg University of Technology
    HQLabs GmbH)

  • Rajnish Tiwari

    (Hamburg University of Technology)

Abstract

After an initial introduction into the areas of innovations within emerging markets, the study develops a consistent innovation typology for categorizing large data samples from a variety of existing literature. It then describes and finally evaluates a sample of 178 innovations for the Indian market based on 38 different criteria. It uses internet-based news reports over a 2 year timeframe for the study sample. The study’s results show a considerable amount of radical innovations and innovations with disruptive potential among the sample and a special concentration on small- and micro-sized innovators from India. It confirms previous suggestions that India is especially focused on innovations within the software and electronics engineering sectors. The results also support the importance of local knowledge and ‘social capital’ for successful disruptive innovation. Finally, a perceivable increase in the technology orientation of innovations by foreign companies suggests a continuous build-up of local technology-competence and foreign trust in the same. A focus on local competencies and the leading position of India concerning innovative distribution are among the managerial implication of the study. It also opens numerous avenues for future research, expanding both depth and scale of the database as well as the analysis underlying this study.

Suggested Citation

  • Daniel Tobias Hagenau & Rajnish Tiwari, 2017. "Made in India for the World: An Empirical Investigation into Novelty and Nature of Innovations," India Studies in Business and Economics, in: Cornelius Herstatt & Rajnish Tiwari (ed.), Lead Market India, pages 163-192, Springer.
    • Handle: RePEc:spr:isbchp:978-3-319-46392-6_8
    DOI: 10.1007/978-3-319-46392-6_8
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    Cited by:

    1. Tiwari, Rajnish & Prabhu, Jaideep, 2018. "Soft power of frugal innovation and its potential role in India's emergence as a global lead market for affordable excellence," Working Papers 104, Hamburg University of Technology (TUHH), Institute for Technology and Innovation Management.

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