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When to Outsource Innovation?
Cornelius Streit, Manager, Singapore, Moderator
According to Michael A. Stanko, Jonathan D. Bohlmann and Roger J. Calantone in the article “Outsourcing Innovation” (Executive Adviser, November 2009), outsourcing research and development and the creation of new products can help companies to slash costs, speed development time and tap into talent outside the company. Based on an analysis of 359 companies, following four situations call for outsourcing innovation:
1. When companies would need to add lots of new knowledge to innovate.
2. When intellectual property is not well protected in the industry and new ideas can spread quickly from company to company to limit spending.
3. When companies have had lots of experience with outsourcing, as they are able to better manage the situation to produce effective results.
4. In the early stages of a project, when there are lots of technical hurdles to be overcome and the outcome is far from certain....
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When to Avoid Outsourcing of Innovation
Abhishek Tiwari, F&A Professional, India, Member Though sometimes be the best option, outsourcing may not be the best choice for innovation:
A. If an innovation is critical to a shortly s... |
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When to Outsource Innovation
Harpreet Singh, Student (MBA), India, Member Outsourcing is excellent idea, specially in environment where competition is very high, it helps in reducing cost of production for companies and prov... |
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Outsourcing Innovation is a Bad Idea
David Matthews, Scientist, United Kingdom, Member Daft idea, if you don’t do any internal innovation specifically R&D then you lose absorptive capacity. The firm will not be able to recognise the bene... |
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When to Outsource Innovation
Darren Harrop Many organisations do not have the in-house skills to deliver an entire innovation project. On that basis, rather than carry additional risk ex... |
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When to Outsource Innovation
Elena Palkina, Manager, Russian Federation, Member To my opinion, inno-outsourcing is suitable for the big companies. Any way, this process should be held and controlled by a customer in order t... |
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Outsourcing Must Be Monitored
PELMONT, Consultant, France, Member Outsourcing innovation is a key for product development, and so for business development. Nevertheless, outsourcing must be monitored.
Monitor... |
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Selective Outsourcing Innovation
kvssiyer, Consultant, India, Member True outsourcing innovation reduces cost of innovation but also minimises the flexibility of the extent and scope of innovation. So judicious selec... |
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Outsourcing R&D: Hard to Find Know-How
Ceferino Dulay, Jr., Philippines, Member On the surface, outsourcing R&D and product development may seem cost-effective but there are many other things that come in play.
If a company s... |
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Insourcing of Innovation
Allemeersch Johan I would prefer to use insourcing of innovation, where I don't have own resources. Why should you outsource innovation? To only keep the old pro... |
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Outsourcing R&D
Elena Palkina, Manager, Russian Federation, Member I'd like to point out that investments in innovation (R&D) can be extensive nevertheless they not always ensure return of the capital employed (nobody... |
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Outsourcing Innovation
Svein Ulset Many oil companies regularly outsource innovations (new technology). These are developed in joint R&D project with upstream suppliers. Oil comp... |
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Outsourcing R&D is Needed
Simon Gray, Manager, Switzerland, Member Due to increasing complexity it is close to impossible for any single organisation to maintain specialisation in a growing range of fields. The... |
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Outsourcing Innovation and Transformation
Prashant, Business Consultant, United Kingdom, Member Innovation can be of three types:
1. Innovation in values, ex- marketing, advertising
2. Innovation in usage, ex- phone
3. Innovation ... |
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Outsourcing Innovation
hamid mohamed ahmed, Accountant, Sudan, Member Most organizations are operating in a very competitive environment and to stay alive through the dangers of competition the organization should build ... |
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Outsourcing of Human Resource
desu rama mohan, Professor, India, Member The concern should be getting enough intellect who are committed to sustainable growth of an organization, protecting the individual rights and... |
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Outsourcing Situations
SIVASUNDARAM, Student (MBA), India, Member Three situations when outsourcing should be done:
- When internal resources are dry.
- When there is an immediate need for a drasti... |
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Outsourcing Has Become Easier and Cheaper
Natasha Shamlou, Student (MBA), Iran, Member According to Jeffrey Phillips Raleigh in June,10.2010: over the last 20 years or so, as global barriers fell and telecommunications and information in... |
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Outsourcing Innovation? NO -- Co-Sharing: YES
Alonso Acosta, Manager, Venezuela, Member Innovation is too critical a competitive advantage to be fully delegated to a third part, co-sharing might be a wiser choice so as to be able t... |
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