Table of Contents

Handbook of Research in International Marketing, Second Edition

Handbook of Research in International Marketing, Second Edition

Elgar original reference

Edited by Subhash C. Jain and David A. Griffith

The global expansion of business has generated a tremendous interest among scholars, but there remains a strong need for theoretical insights into conducting marketing operations abroad. This thoroughly revised edition addresses this lack in the extant literature. The book consists of insights from leading scholars in international marketing, working not only to advance the theoretical underpinnings of today’s most important international marketing issues, but also to provide insights for how the field of scholarship and practice of international marketing might develop in the future.

Chapter 6: Conjectures on Innovation Drivers in an Emerging Market: India

Rajan Varadarajan

Subjects: business and management, international business, marketing


Rajan Varadarajan INTRODUCTION A cursory examination of articles published in scholarly journals and the business press on innovation-related topics is indicative of a high level of interest among academics and practitioners in innovation-related issues in the context of emerging markets. Cases in point include literature focusing on innovation drivers in emerging markets such as product affordability by customers at the base of the market pyramid (e.g. Prahalad, 2006; Prahalad and Mashelkar, 2010) and product accessibility by customers in rural markets (e.g. Rangan, 2007). Improvisation as a driver of innovation also has a long and rich legacy in emerging markets. For instance, the word jugaad (a word in Hindi, the most widely spoken language in India) is commonly used in India to refer to a particular form of innovation – an improvisational style of innovation driven by scarce resources and attention to the immediate needs of customers rather than their lifestyle wants (BusinessWeek, 2009). Jugaad seems to have become part of the innovation lexicon as evidenced by recent books (Krishnan, 2010), magazine articles (Prahalad and Mashelkar, 2010) and articles in the business press (BusinessWeek, 2009; The Economist, 2010; New York Times, 2010). As a consequence of the transformation of a number of emerging markets (from relatively closed markets to markets that are much more open to free trade and global competition), the market environment in these markets has become increasingly competitive. In turn, there has been a growing recognition of the importance of innovation from the standpoint of their survival and growth....

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