Rakesh Basant on how does innovation work in India
We cover:
- How process innovation differs from product innovation, why Indian firms struggle to transition between the two, the importance of tacit knowledge, and why Indian academia is historically disconnected from industry.
- It also covers intellectual property trade-offs, the Indian pharma story, complementary assets, temporary protectionism, the necessity of primary mass education, and the reality of IIM Ahmedabad’s entrepreneurial legacy.
Time Stamps:
0:00: Introduction
1:59: The three Ps of innovation (process, product, practice) and why the process-to-product transition is so hard…
The skinny
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