Abstract
The forces of globalization have created an interconnected world where consumer demand for high tech products and services is rapidly growing in emerging markets. Established multinational firms are facing increasing competitive pressures from new firms in developing countries. In order to maintain a strategic competitive advantage, firms must be adept at developing high value and low cost products and services that are tailored to specific market segment’s needs. The purpose of this study is to aid firms in identifying the appropriate new product development strategy to pursue.
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Clark, M., Lee, Y., Lin, Y.T., Madishetty, S., Daim, T. (2017). Technology Management: Case of Cost, Frugal and Reverse Innovations. In: Daim, T., Kim, J., Phan, K. (eds) Research and Development Management. Science, Technology and Innovation Studies. Springer, Cham. https://doi.org/10.1007/978-3-319-54537-0_13
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