Gone are the days when China manufactured the creations of others but didn’t create products itself. The Chinese government has successfully cultivated institutions that nurture innovation. Making goods for other countries has proven a fertile training ground for Chinese nationals who are now ready to innovate within locally owned companies. Business professors Dan Prud’homme and Max von Zedtwitz explain how non-Chinese multinationals must respond.
In this summary, you will learn
- How Chinese innovation has rapidly evolved,
- How these changes work against non-Chinese multinationals and
- What foreign companies need to do to maintain an edge.
About the Authors
Dan Prud’homme teaches at EMLV School of Business at Pôle Universitaire Léonard de Vinci in Paris, France. Max von Zedtwitz is a professor at Kaunas University of Technology, Lithuania, and director of the GLORAD Center for Global R&D and Innovation.