Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
ge is utilizing reverse innovation in order to protect itself from rivals.
What is reverse innovation?
Reverse innovation or trickle-up innovation An innovation is one that is first noticed or used in the developing world before moving to the industrialised world. Dartmouth academicians Vijay Govindarajan and Chris Trimble, as well as General Electric's Jeffrey R. Immelt, popularised the term.
Reverse innovation is the process by which goods developed as low-cost prototypes to satisfy the needs of developing countries, such as battery-powered medical tools in countries with poor infrastructure, are repackaged as low-cost novel goods for Western purchasers.
The approach of innovating in emerging (or developing) markets and then distributing/marketing these inventions in mature ones is known as reverse innovation. Many businesses are creating items in rising markets such as China and India and then distributing them abroad.
To know more about reverse innovation follow the link:
https://brainly.com/question/14085977
#SPJ4
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.