Developing countries are competing on creativity as well as cost. That will change business everywhere?

Yes, thats right...its the age of creativity and cost cutting... and the mantra...where India is leading the pack.

Going by the simple Product Life cycle theory all low goods at their end phase will move to developing countries. Chine & India have been doing it for some time now. The basic question which has dogged developing countries has been of tech strength which is a direct fallout of lack of funds for research. China has built a huge war chest to be invested in R&D but has serious issue of quality human capital & questionable ethics. India has to manage with limited resources & a great human capital. Just combine these two resources & we will be creating Americas & Europe.

yes i agree with it bcz behind it very common logic working like when every person work same way little bit attraction create by them.while some person do something different to other and more creative then every person attract with him .secon thing is cost yes offcourse cost much more effect the business

bcz now days very tuff competition running among the rivals so cost much effect the business

Yes.I feel the way of doing business involves creativity and cost.There other parameters some  are locally dependent and some are global. Therefore, the definition and modus operandi are business and enterprise specific. The best example is Bangladesh's success of cooperative micro finance.Mexico success story is also a similar one.I support your argument.

I agree you need creativity and at the same needs more innovative aproach tothe market anly then you will be successful

Rajagopalan

Cost cutting, cost effectilveness, developing new products, effective marketing are the prime necessity of the present competitive business world. Out dated technology and manufacturing practices will be a libility in the present system of things. If one has to keep up with the developing business world one has to bring about changes that can compete in the world market. As the world slowly becoming global village change is a must.

Creativity and Low cost are two things that attracts almost all the Target markets... with any income salary ...and with the extra touch of customer value, i think there is no doubt that it will affect business everywhere

Right Sujatha. And these 2 factors determine the success story of not only a company, but of an entire country and its manufacturing sector as well. As an example, Bangladesh -- far lagging behind India in terms of economic growth and industrialisation -- has beaten us fair and square in textile and garment exports to the USA. Their USP ? Low cost of labour and raw materials, and product innovation and R&D. Ironically, the later has been made possible by the presence of a sizeable number of Indian apparel industry professionals in their country.

MARKET SIZE FOR AL PRODUCTS ARE SHOWING A POSITIVE GROWTH SIGN.THERE IS AN INCREASE IN THE NUMBER OF MANUFACTURERS ALSO.ANY PRODUCT CAN STAND OUT BECAUSE OF ITS UNIQUENESS OR BECAUSE OF LOWER PRICE.FOR THAT MATTER MANY   PEOPLE MAY NOT COMPROMISE ON QUALITY.SO A MINIMUM QUALITY ON PAR WITH OTHER BRANDS SHOULD BE MAINTAINED TO ENSURE THE PRODUCT IS ALIVE.CREATIVITY HELPS YOU BRING OUT SOMETHING UNIQUE.IN TANDEM THIS STRATEGY WILL HELP HAVE AN EDGE OVER COMPETITION.AND THIS WILL CHANGE THE ENVIRONMENT SOON.

Many companies pay huge pay-packets to IIT and IIM grads for this very purpose. Unfortunately most Indian companies and GOI does not seem keen on correction.

Due to the scarcity of the resources and the growing population of our dear Mother Earth the time  has accelerated the degree of competition amongst the creativity and cost. There is too many hands to do the work and to be recognized that one is creative one has to first get the opportunity. So here come the competition between the two…….