Excitement drives successful innovation in Asian markets!

This paper discusses what drives innovation in Asian markets. Two types of innovation are distinguished: renovation (meeting consumer needs better through improvement) and true innovation (step-change development).

Excitement drives successful innovation in Asian markets!

Gilbert Lee, Rosalynn Tang and Jeremy LauResearch International, China

Luc RensResearch International, Netherlands

INTRODUCTION

The road to innovation is littered with failures and avoiding becoming just another statistic is the aim of most innovators. It is often to research that innovators turn to reduce the risks associated with launching a new product or service. In reality, picking obvious winners isn't hard – our databases are full of them. Unfortunately, throwing away more genuinely innovative ideas is easy too! Research, in its drive to minimise risk, often fails...

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