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Assessing innovation quotient (InQ) of Indian auto component manufacturers

Author

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  • Manoj Mishra
  • A. Sahay

Abstract

Innovation is imperative today as a key tool for creating winning organisations globally. With many global auto players setting up operations in India in the last ten years, Indian companies are now exposed to manufacturing excellence techniques used globally. They need to scale up on innovations to remain competitive and create winning organisations. It would also be important to assess where we stand, identify areas of improvements with respect to global benchmarks and then workout an action plan to have a transition to global levels to build winning organisations. This paper, through an exploratory empirical study, identifies drivers of innovation through a cross sector study. Further, it attempts to probe as to where does Indian auto component industry stand on innovation by suggesting an innovation quotient (InQ) and then measuring them over InQ; what are the enablers and barriers of innovation and what strategy should the industry and the company adopt to accelerate innovation and have transition to reach global benchmarks to create world class winning sustainable organisations.

Suggested Citation

  • Manoj Mishra & A. Sahay, 2010. "Assessing innovation quotient (InQ) of Indian auto component manufacturers," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 6(1/2), pages 113-124.
    • Handle: RePEc:ids:wremsd:v:6:y:2010:i:1/2:p:113-124
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    Cited by:

    1. Rifat Sharmelly, 2016. "Innovation on Wheels in Emerging Economies: Lessons from Auto MNC’s Experience," International Journal of Business and Management, Canadian Center of Science and Education, vol. 11(8), pages 1-44, July.
    2. Joshi, Deepika & Nepal, Bimal & Rathore, Ajay Pal Singh & Sharma, Dipti, 2013. "On supply chain competitiveness of Indian automotive component manufacturing industry," International Journal of Production Economics, Elsevier, vol. 143(1), pages 151-161.

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