PHYSICS 102 Lecture Notes - Lecture 2: Tacit Knowledge
Document Summary
Often used by global and international companies. Local-for-local innovation model relies on subsidiary-based knowledge development. Responding to perceived local opportunities, subsidiaries use their own resources and capabilities to create innovative responses that are then implemented in the local market often used by multinational companies. Three capabilities: to empower local management in national subsidiaries dispersed organizational assets and resources, to establish effective mechanisms for linking these local managers to corporate decision-making processes, to force tight, cross-functional integration within each subsidiary. Locally leveraged innovation the special resources and capabilities of each national subsidiary are available to that local entity, but also to other mne units worldwide. Globally linked innovation pools the resources and capabilities of many different units to create and manage an activity jointly. Avoiding the pitfalls associated with the four different processes of cross-border innovation and learning, and find ways to overcome the organizational contradictions among them. Three assumptions that have blocked the multifaceted and contradictory operations.
