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Other industries can learn the importance of international collaboration from the successful partnership between Tata Motors and other countries. By working together, they were able to pool their resources and expertise to create a cost-effective and innovative product. This shows that collaboration can lead to affordable innovation that meets real needs. It also highlights the value of each country's unique strengths and contributions.
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Tata Motors of India is an example of how collaboration created an affordable innovation that fills a real need. The car company worked with other countries like Germany, Italy, Japan, and the United States to create a $2,000 Nano car. Each country contributed cost-effective components that reflected their particular area of expertise. The result of this collaborative effort is a quality-built, more affordable car.
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Innovation is more than creativity; it is a process that is structured, with rules and best practices. This summary gives you some of the key takeaway...
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