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.
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Source: Best Practices in Innovation, Globalization PowerPoint Slides: Global Innovation Management Primer PowerPoint (PPTX) Presentation Slide Deck, LearnPPT Consulting
This PPT slide presents a framework for managing subsidiaries within a global context, emphasizing the balance between local responsiveness and global integration. It categorizes organizations into 4 distinct types based on their approach to these 2 dimensions: Global, International, Multinational, and Transnational. Each type reflects a unique strategy in addressing the challenges that arise when operating across different markets.
The framework suggests that organizations must navigate the complexities of local market needs while also adhering to global standards. The text highlights a common misconception that prioritizing local responsiveness inherently conflicts with global integration. This perception is labeled as a fallacy, indicating that both elements are essential and can coexist effectively. The Transnational approach is presented as the optimal solution, as it integrates the benefits of both local adaptation and global efficiency.
The slide also references a historical context, noting that the 1990s marked the introduction of the "Subsidiary Initiative," which likely aimed to enhance the role of subsidiaries in the global strategy. This initiative underscores the importance of subsidiaries not merely as local entities, but as integral components of a broader corporate strategy.
For executives considering this framework, the key takeaway is the recognition that a successful global strategy requires a nuanced understanding of how to leverage local insights while maintaining a cohesive global vision. The Transnational approach is positioned as a strategic imperative for organizations seeking to thrive in a complex, interconnected world.
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