When to Outsource Innovation?

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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. (...) Read more? Sign up for free

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		When to Avoid Outsourcing of Innovation Abhishek Tiwari, F&A Professional, India, Member
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		When to Outsource Innovation Harpreet Singh, Student (MBA), India, Member
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		Collaboration better than Outsourcing Innovation Arturo Granados, Partner, Peru, Member
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		Outsourcing Innovation is a Bad Idea David Matthews
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		When to Outsource Innovation Darren Harrop
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		When to Outsource Innovation Elena Palkina, Manager, Russian Federation, Member
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		Outsourcing Must Be Monitored PELMONT, Consultant, France, Member
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		Selective Outsourcing Innovation kvssiyer, Consultant, India, Member
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		Outsourcing R&D: Hard to Find Know-How Ceferino Dulay, Jr., Philippines, Member
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		Insourcing of Innovation Allemeersch Johan
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		Outsourcing R&D Elena Palkina, Manager, Russian Federation, Member
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		Outsourcing Innovation Svein Ulset
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		Outsourcing R&D is Needed Simon Gray, Manager, Switzerland, Member
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		Outsourcing Innovation and Transformation Prashant, Business Consultant, United Kingdom, Member
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		Outsourcing Innovation Minimizes Cost but Hampers Morale L. Harnamsing, Mauritius, Member
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		Outsourcing Innovation hamid mohamed ahmed, Accountant, Sudan, Member
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		Outsourcing of Human Resource desu rama mohan, Professor, India, Member
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		Outsourcing of Innovation is Outsourcing your Core Business PAT O REILLY, Ireland, Member
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		Outsourcing Situations SIVASUNDARAM, Student (MBA), India, Member
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		Outsourcing Has Become Easier and Cheaper Natasha Shamlou, Student (MBA), Iran, Member
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		Outsourcing Innovation? NO -- Co-Sharing: YES Alonso Acosta, Manager, Venezuela, Member
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		Outsourcing Innovation... Can you outsource learning? Norm Nopper, Managing Director/Consultant, Canada, Member
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