What do a $2,500 Tata Nano, a $250 Acer Netbook, and a $1,000 General Electric handheld electrocardiogram device have in common? According to Vijay Govindarajan, a professor at Dartmouth's Tuck School of Business, all three are examples of "reverse innovation"—a concept that's becoming the next big driver of globalization. "Historically, American companies innovated in the U.S. and took those products abroad," says Govindarajan, who coauthored a Harvard Business Review article on the idea...
Why America is falling behind and how to fix it.
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When you walk through a FOR SALE house with a real-estate agent, you expect to hear gushing about the "solid bones" or the "great potential." But as I toured listings this year while covering the deepening housing crisis, I heard a different line of patter. "Hold your breath," advised one agent, taking me into a basement with a mold-infested indoor pool that left my sinuses burning.
For Dr. Doom, a Crash Worthy of His Warnings
Will higher commuting costs kill the suburbs?