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A wide array of techniques and machining have been innovated for the transformation of palm midribs into strips and mats of regular dimensions to be used as a substitute for imported wood.
"She saw that labor unions basically haven't innovated for several generations, and in the meantime the world has changed and there were tremendous needs that weren't being met," says Bill Drayton, founder of Ashoka, a nonprofit foundation that invests in social entrepreneurs.
Having innovated for automakers in emerging markets and then offered Saras products to developed-world manufacturers of midpriced cars, Harman has entered the third stage of its reverse-innovation initiative: Its new modular and scalable design and production methods are moving into traditional luxury markets, a transition that is expected to be complete in 2014.
"It is a company that has endured and innovated for nearly 168 years.
Hans Tung from GGV Capital said that he invested in OfferUp because "Craigslist hasn't innovated for a long time and there is unmet, pent up demand for classified on mobile".
Most importantly though, Flipkart always innovated for the local market, taking local tastes into account (as serviced by the multitude of private label brands at Flipkart and Myntra), as well as bandwidth and affordability constraints on the customer side, leading to super-light mobile sites and apps, as well as various trade-in and financing programs.
Similar(51)
It seems obvious, but without focus, a company innovates for the sake of innovation.
But innovating for sustainable development is actually quite close to the processes of "traditional" innovation.
If you can innovate for 43.5 million displaced people, you are effectively innovating for the bottom 2 billion people who live on less than $2 a day.
"This is not a segment of the market that the major technology companies innovate for".
We will continue to develop our digital products and to invest and innovate for our customers".
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Justyna Jupowicz-Kozak
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