HBR IdeaCast | 4 May 2021 | 0h 25m | Listen Later | iTunes
Interview with Zak Dychtwald about his HBR article China’s New Innovation Advantage. Explains that the perception of China as a copycat and not an innovator is outdated. Argues that the willingness of Chinese consumers to try new things is powering the country’s new innovation economy. Technology adoption rates in areas such as mobile payment are extremely high (90% in China versus 24% in US). Describes how non-Chinese companies can learn important lessons from this rapidly changing market and potentially use it to jump-start their own innovation.