Innovation Via Global Route: Proposing a Reference Model for Chances and Challenges of Global Innovation Processes

Proceedings of the Second International Conference on Management of Globally Distributed Work, Indian Institute of Management, Bangalore, pp. 451-465, July 25-27, 2007

23 Pages Posted: 5 Apr 2010

See all articles by Rajnish Tiwari

Rajnish Tiwari

Hamburg University of Technology (TUHH)

Stephan Buse

affiliation not provided to SSRN

Cornelius Herstatt

Technical University Hamburg-Harburg (TUHH)

Date Written: July 2007

Abstract

Innovations have acquired a key-role in the growth and competition strategies of firms today. They are regarded as an essential tool to stimulate growth and enable firms to master the competition brought about by the forces of globalization. In developed countries they are thought to provide a vital buffer against challenges from low-cost producers from emerging countries.

At the same time, innovations in today’s “globalized” world are hardly feasible in isolation. World-wide economic reforms and far-reaching technological advancements have brought to fore new economic powerhouses, such as China and India, which possess strong scientific capabilities. Products are marketed internationally which often necessitates adaptation to specific needs of targeted markets. All these developments are leading to the “globalization of innovation”. Based on recent empirical studies conducted by the authors in Germany, this paper presents results from research-in-progress and proposes a reference model for chances and challenges of global innovation activities.

Keywords: Global Innovation, Globalization of Innovation, Internationalization of R&D, India, Research and Development

Suggested Citation

Tiwari, Rajnish and Buse, Stephan and Herstatt, Cornelius, Innovation Via Global Route: Proposing a Reference Model for Chances and Challenges of Global Innovation Processes (July 2007). Proceedings of the Second International Conference on Management of Globally Distributed Work, Indian Institute of Management, Bangalore, pp. 451-465, July 25-27, 2007. Available at SSRN: https://ssrn.com/abstract=1583434

Rajnish Tiwari (Contact Author)

Hamburg University of Technology (TUHH) ( email )

Hamburg, D-21071
Germany

HOME PAGE: http://www.global-innovation.net

Stephan Buse

affiliation not provided to SSRN ( email )

Cornelius Herstatt

Technical University Hamburg-Harburg (TUHH) ( email )

Hamburg, D-21071
Germany

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