Asia's innovation advance: Leadership perspectives on a growing innovation hub
Albert Climent, Timothy D. Hoffman, Malini Vaidya, Thomas H. Yu
October 2009
The emerging nations of Asia Pacific were once viewed by multinational corporations mainly as manufacturing centers or growing consumer markets, and were rarely associated with innovation. But today, the region is assuming a growing role as an innovation hub. More multinational companies are establishing innovation centers there, while companies native to the region are scaling up their innovation efforts to compete on a global scale.
To further examine the scale of the trend and its talent implications, Spencer Stuart spoke with leading executives at several corporations that have recently enhanced their innovation pipeline in the region. The interviews confirmed that Asia Pacific is playing a more integral role in innovation for multinational corporations — a role that today seems to be growing as fast as the Asian consumer market itself.
Notes
This article is included in Point of View 2009.
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