GENERAL ELECTRIC’S health-care laboratory in Bangalore contains some of the company’s most sophisticated products—from giant body scanners that can accommodate the bulkiest American football players to state-of-the-art intensive-care units that can nurse the tiniest premature babies. But the device that has captured the heart of the centre’s boss, Ashish Shah, is much less fancy: a [...]
New masters of management: A special report on innovation in emerging markets
BUSINESS innovation in the emerging world has got to the point where all those individual advances add up to more than the sum of their parts. Just as Japan’s quality circles and just-in-time delivery were part of a new system called “lean production”, so the emerging world’s reverse innovation and frugal production are part of [...]