Are Indian Software Firms Innovative?
SpicyIP has, in the past, lamented about the dearth of innovative products from Indian software firms. And our previous posts queried as to why Indian IT majors never really made the transition from “services” to “products”. In an excellent article, one of my favourite economists, Ashish Arora argues: “…many of the leading Indian firms have tried to develop products, with limited success. The lack of success ought not to surprise anyone. Penny pinching and risk averse management habits ingrained while […]
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