Developing countries’ companies are becoming global innovation leaders. The leader is Alibaba in China, with a market value greater than Yahoo, Netflix, eBay, Yelp, LinkedIn, Twitter and Groupon put together. Samsung from South Korea outsells Sony, Panasonic, and Philips. Bimbo in Mexico is the largest bakery company, and purchased Sara Lee’s North American bakery business. China’s Haier is the largest appliance brand in the world by exploiting niche markets by appealing to customers that established companies did not care about.
S.D. Shibulai, co-founder of India’s Infosys, credits his firm’s signature innovation: the global delivery model that takes work to the worker. This decision was made in 1981, way ahead of its time. Today, Infosys is a top 5 IT service company, going head to head with Accenture and IBM Global Services (Source: Wharton).
Which companies from developing countries are innovating to be your competitor?
