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Journal of the Academy of Marketing Science
Published in: Journal of the Academy of Marketing Science 5/2020

17-08-2019 | Conceptual/Theoretical Paper

Emerging market innovations: unique and differential drivers, practitioner implications, and research agenda

Authors: Venkatesh Shankar, Unnati Narang

Published in: Journal of the Academy of Marketing Science | Issue 5/2020

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Abstract

Growth in emerging markets is critical as it leads global economic growth. Emerging market innovations, which we define as innovations created in an emerging market for use by consumers or customers in that market and possibly other markets, form the engine for such growth and continue to rise in importance for various stakeholders. These innovations fundamentally differ from developed market innovations, and impact consumers, firms, governments, and the society at large. Conceptual research on emerging market innovation has not focused on the differential drivers of emerging and developed market innovations. Most empirical studies have also focused on only one emerging market, not offering generalizable conclusions across emerging markets. Thus, while prior research offers a limited understanding of factors specific to emerging market innovations, not much is known about the unique and differential drivers of emerging market innovations relative to developed market innovations. Our study offers a broader framework highlighting the unique aspects of emerging market innovations, their unique and differential (relative to developed market innovations) drivers, and related practitioner takeaways. Our framework and propositions suggest that different drivers impact the demand and supply for innovations, and, in turn, the number of innovations differently in emerging and developed markets. We outline an agenda for future research.
previous article Reverse innovation: a conceptual framework

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Footnotes
1
We recognize that there is heterogeneity within each developed market in per capita income. Consequently, the number of innovations targeted at different income groups may differ.
 
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Metadata
Title
Emerging market innovations: unique and differential drivers, practitioner implications, and research agenda
Authors
Venkatesh Shankar
Unnati Narang
Publication date
17-08-2019
Publisher
Springer US
Published in
Journal of the Academy of Marketing Science / Issue 5/2020
Print ISSN: 0092-0703
Electronic ISSN: 1552-7824
DOI
https://doi.org/10.1007/s11747-019-00685-3

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