The ‘webopshere’ has been awash with comments on ‘A CEO’s guide to innovation in China‘, a short piece recently released by McKinsey.
Not surprisingly, one reads that China is home to an increasing number of innovative products and patents and that competition between Chinese and foreign firms is bound to get more intensive. The piece also highlights some notable differences between domestic companies and MNCs: the former excel at time-to-market and can rely on the government’s strong support while the latter are better at nurturing a culture of innovation in-house.
The piece leaves one fundamental question aside: how does the transformation of the Chinese innovation eco-system re-define the global innovation landscape? Stay tuned if you are interested in the answer….