How Multinationals Can Build Local Innovation Capabilities
Fractal innovation enables large companies to be more responsive to customer needs, leverage their global scale, and set the pace for their competition. Multinationals often face strong competition in geographies where nimble, local companies are able to succeed by meeting the changing demands of local customers with speed, responsiveness, and innovation.
- Large companies face two main innovation challenges: They have a limited understanding of the
Content: Article | Authors: Saurabh Chhajer, Sharad Verma | Source: Boston Consulting Group (BCG) | Subjects: Innovation, International, Management, Strategy
The Organization of the Future Is Fractal
Scale isn’t dead. But it’s critical to find the right balance between scale and fractal principles—and to do it before your competitors do.
Content: Article | Authors: Allison Bailey, Arindam Bhattacharya, Hans-Paul Bürkner, Sharad Verma | Source: Boston Consulting Group (BCG) | Subject: Organizational Behavior
Getting More Value from Joint Ventures
Joint ventures can be an effective way to enter new markets, gain expertise, increase production capabilities, and expand distribution. Given these potential benefits, it’s no wonder that these partnerships have regained popularity. But despite their advantages, they often fail to deliver value. BCG’s research into what it takes to succeed revealed eight important lessons.
Content: Article | Authors: Alex Dolya, Alexander Roos, Dinesh Khanna, Gaurav Nath, Nikolaus Lang, Sharad Verma, Tawfik Hammoud | Source: Boston Consulting Group (BCG) | Subjects: Management, Mergers & Acquisitions, Strategy