SMEs and reverse innovation
Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Massive growth in China, India, and other emerging nations offers considerable opportunities for businesses to exploit. Rising middle-class consumers in such countries have new needs to fill. Growing awareness among them of healthcare is creating specific demands. SMEs can engage in open innovation with different partners to fill existing voids and satisfy these consumer requirements. Scope simultaneously exists for reverse innovation whereby products initially aimed at developing nations can subsequently be modified for sale within developed Western markets. Practical implications The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.