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Rishikesha Krishnan says that innovation in India can grow only if Indian business develops "a reinforcing innovation ecosystem." Among other things, such an "ecosystem" requires companies to adopt "well- developed and well-executed innovation strategies" and to be prepared to "ride one technology wave after another." Can you think of any U.S. industry in which companies have developed an "innovation ecosystem" like the one recommended by Krishnan? Explain how Krishnan's criteria can be used to describe business practices in this industry.

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