Innovation happens when entrepreneurs commercialize new ideas through markets to improve business productivity and raise profits. In developing countries, most businesses operate quite far from the global “best practice” technological frontier. Innovation in these contexts should be defined to include not only frontier new-to-the-world innovation but also catch-up innovation, namely the adoption and commercialization of existing products and technologies that are new to the firm. These “imitation” catch-up activities are legitimately considered as innovations since their adoption involves adaptations to the local context. They typically involve lower risk to the firm than frontier innovations. And catch-up possibilities are the main reason emerging economies grow faster on average than high-income ones.

https://link.springer.com/chapter/10.1057/9781137480293_14

At the forthcoming South West Regional E-Commerce Summit & Expo from  Monday 23rd - Wednesday 25th March, 2020 at NuStreams Conference & Culture Centre. There will be over 30 speakers delivering 40+ hours of content across 24+ sessions. Delegates will have an unprecedented opportunity to hear exclusive, brand-new content from speakers that will be addressing the power of market-creating innovation, understanding the job your product or service is hired to do & how innovation increases the odds of success. – Many for the very first time!

Furthermore at the summit you will learn about the latest technologies, trends and business models and interact with the ecosystem to embrace

Through generous contributions from our sponsors and partners, we are pleased to offer attendance scholarships for those in need of financial assistance to attend the 2020 Innovation Kitchen.

REGISTER NOW to be a part of it: Three easy ways!

WEBSITE: https://summitexpo.com.ng/e-commerce/registration

BY EMAIL: Info@summitexpo.com.ng

TELEPHONE & WHATSAPP: +2347037325246

To read the full write-up Follow the Link:  https://innovationkitchen.com.ng/2020/02/19/catch-innovation-and-shared-prosperity.html?fbclid=IwAR2NDDBs-cJJq_d4QOmCr1tN3-pszYRMsSQeTKUu9P32VS3464yGxP_QvcA