Transforming China Sourcing from Labor Costs to Innovation - - India¡¦s Lessons

Description

One of the key drivers for global sourcing has been the ability to leverage lower costs - typically in Asia. Lowering costs continues to be an important goal but emerging market suppliers want to rise in the corporate value chain. This is resulting in the emergence of a new trend among China¡¦s suppliers and ordering firms to spur innovation and competitiveness by using those suppliers for new product development and business process execution. Leading this transformation have been companies like GE, Boeing and PepsiCo. Their initial successes offer a variety of lessons for companies of all sizes to take advantage of new opportunities to move beyond simple cost factors that are created by the global diffusion of your company¡¦s capabilities.

SPEAKER Dr. Mani Subramani PhD. ¡V U of M CSOM - Innovation in Emerging Economies
Dr. Subramani is an Associate Professor in the MBA program at the Carlson School of Management at the University of Minnesota. During the last 7 years he has regularly taught an MBA course titled "Managing Globally" which incorporates a field trip to India. He will draw on this experience and share his views on how global sourcing in emerging markets such as China and India can be an important driver of a firm's innovation.