Transforming mindsets Creating innovative business models in emerging markets Abstract Increasingly, emerging markets, formerly known as developing economies, are becoming important platforms for business growth. To compare this, one has only to look at the data surrounding the substantial opportunities afforded by the world’s economies in transition. In 1990, emerging markets represented a miniscule amount of the overall global GDP, registering a paltry 21%, of which 13% came from the BRIC (Brazil, Russia, India, and China). By 2008, emerging markets account for more than 34% of globa...

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Tearing up the Box By late 1969, I was amassing an arsenal of old machinery and electronic equipment in an effort to build my own rocket to the moon, because if NASA would not take me I was determined to go on my own. I did not go to the moon, but I did destroy a lot of equipment. Also, I never really added value to anything except my own perspective, realizing in my childlike way that the axiom of "if it isn’t broken, don’t fix it" is an archaic and restrictive mindset. Innovation often occurs when one determines that even if it isn’t broken, he/she will fix it anyway. This requires...

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Introduction Business ecosystems come of age By Eamonn Kelly IN September 2014, the Chinese online commerce company Alibaba Group conducted its initial public offering (IPO)—the largest ever in history. This event attracted considerable media attention, some of it naturally commenting on the changing balance of the global economy and the growing impact of digitization.1 Largely overlooked in the commentary, however, was another important signpost to the future. In the prospectus it compiled to describe its vision, philosophy, and growth strategy, Alibaba used one word no fewer than 160...

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Friday, 26 February 2016, 12:16 PM 0 Comments