Contemporary vibrant and contracting world demands using a wider approach to Innovation.
The customary approach's reduced efficacy is because of the uncomplicated accessibility to exceptional knowledge necessary to Innovate. For accessing and utilizing such knowledge effectually warrants a revitalized approach.
Approaching Innovation at a global scale can be accomplished in numerous ways. Four of the common ones are:
1. Center for Local
2. Local for Local
3. Local for Global
4. Global for Global
Of these, Local for Global is the most recognized model in the area of Global Innovation. Although implementing such an approach has its challenges, its pursuit allows us to adopt Innovation as a source of Competitive Advantage in the future. In fact, gaining a Competitive Advantage needs acquisition and assimilation of knowledge from many different places.
Fundamental in tackling the challenges to this approach is Metanational Management, which is also discussed in some detail in this presentation.
The slide deck also includes some slide templates for you to use in your own business presentations.
The Global Innovation Management Primer offers a comprehensive exploration of the complexities and strategies involved in managing innovation on a global scale. The presentation delves into the intricacies of balancing local responsiveness with global standardization, providing actionable insights into the I-R Framework and Transnational Management. It emphasizes the importance of leveraging Metanational Management to harness globally dispersed knowledge and create value on a global scale.
The PPT also addresses the challenges and opportunities of innovation in emerging markets, highlighting concepts such as Frugal Innovation and Reverse Innovation. It provides a detailed analysis of the roles subsidiaries can play in global innovation, emphasizing the strategic importance of aligning subsidiary capabilities with organizational objectives. The slide deck includes customizable templates to facilitate the application of these concepts in your own business presentations, making it a practical tool for any executive looking to drive innovation within their organization.
Got a question about the product? Email us at flevypro@flevy.com.
Source: Best Practices in Innovation, Globalization PowerPoint Slides: Global Innovation Management Primer PowerPoint (PPTX) Presentation Slide Deck, LearnPPT Consulting
This PPT slide outlines 4 prevalent approaches to global innovation, emphasizing the variations in how innovation can be effectively globalized. It categorizes these approaches into distinct models, each with unique characteristics and implications for implementation.
The first approach, "Center for Global," indicates a centralized model where innovation is primarily driven from a headquarters or a base country, extending its influence to international locations. This model suggests that the core innovation strategies are developed centrally and then adapted or implemented in foreign markets.
The second approach, "Local for Local," focuses on innovation that is tailored specifically to local needs. This model requires substantial support from the local region to nurture and develop innovations that resonate with the local market. It highlights the importance of understanding regional dynamics and consumer preferences.
The third, "Local for Global," represents a hybrid model where innovations developed locally are intended for global markets. This approach acknowledges the challenge of scaling local innovations to achieve broader acceptance and success on a global stage.
Lastly, "Global for Global" suggests a model where innovations are designed with a global audience in mind from the outset. This approach aims to create solutions that can be universally applicable, minimizing the need for localization.
The slide stresses the importance of selecting the right approach to avoid pitfalls associated with misguided assumptions about global innovation. Each model has its own set of challenges and benefits, which must be carefully considered by organizations looking to expand their innovation efforts internationally. Understanding these approaches can help executives make informed decisions about their innovation strategies.
Did you need more documents?
Consider a FlevyPro subscription from $39/month. View plans here.
For $10.00 more, you can download this document plus 2 more FlevyPro documents. That's just $13 each.
Innovation Management Ideation Customer Experience Business Model Design Business Model Innovation Growth Strategy McKinsey 3 Horizons Model Education Core Competencies Competitive Advantage Business Framework PowerPoint Diagrams Corporate Culture Innovation Culture Maturity Model Disruption
![]() |
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more. |