Emerging markets can be innovation leaders: GE
Emerging markets can generate greater ideas, 'client's pain is much deeper' In Malaysia, 1/3 of executives consider SMEs and startups are driving innovation EMERGING markets, such as Malaysia, have the potential to 'out-innovate' advanced markets like the United States and Europe, said a top General Electric (GE) executive. For a few years, advanced markets like the United States and Europe were perceived because the leaders in innovation. However, in line with GE China vice chairman and leader era officer Xiangli Chen, emerging markets are generating more new thoughts nowadays, and if the fashion continues, they'll surpass evolved markets one day. “Innovation is deeply rooted in marketplace. If you study market activities, emerging markets have taken off dramatically over the past 10 to twenty years. The boom of emerging markets is a good deal quicker than advanced markets,” Chen advised a media briefing in Kuala Lumpur final week. He stated risin...