Feb 16, 2005

Asia's new export

Tom Peters points to the Current McKinsey Quarterly cover story:

"Asia's Next Export: Innovation."
Pertinent question:
You didn't really think China was going to be satisfied with baseball caps & socks?

Emerging markets such as China and India have become breeding grounds for
new management processes and practices that help companies to maintain or even
improve the quality of their products and services while simultaneously slashing
prices. The disruptive impact is now confined to developing countries, but
"blowback" from this surge of innovation could quickly be unleashed on the rest
of the world. To meet the challenge, established businesses must learn new
skills—not least important, an ability to orchestrate complex networks of
specialized enterprises.