When to Outsource Innovation?

      
			              Best Practices
			            
							              104

		            		Cornelius Streit
Manager, Singapore
			            
When to Outsource Innovation?

	          		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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										              2

						            	Abhishek Tiwari
F&A Professional, India
												
				                When to Avoid Outsourcing of Innovation

													Though sometimes be the best option, outsourcing may not be the best choice for innovation:
A. If a... Sign up
				              
										              2

						            	Harpreet Singh
Student (MBA), India
												
				                When to Outsource Innovation

													Outsourcing is excellent idea, specially in environment where competition is very high, it helps in ... Sign up
				              
										              2

						            	Arturo Granados
Partner, Peru
												
				                Collaboration better than Outsourcing Innovation

													Outsourcing is perfect for a company that produce commodities, like mining. Because companies in the... Sign up
				              
										              0

						            	David Matthews, United Kingdom
												
				                Outsourcing Innovation is a Bad Idea

													Daft idea, if you don’t do any internal innovation specifically R&D then you lose absorptive capacit... Sign up
				              
										              2

						            	Darren Harrop, United Kingdom
												
				                When to Outsource Innovation

													Many organisations do not have the in-house skills to deliver an entire innovation project. On that ... Sign up
				              
										              0

						            	Elena Palkina
Manager, Russian Federation
												
				                When to Outsource Innovation

													To my opinion, inno-outsourcing is suitable for the big companies. Any way, this process should be h... Sign up
				              
										              0

						            	PELMONT
Consultant, France
												
				                Outsourcing Must Be Monitored

													Outsourcing innovation is a key for product development, and so for business development. Neverthele... Sign up
				              
										              0

						            	kvssiyer
Consultant, India
												
				                Selective Outsourcing Innovation

													True outsourcing innovation reduces cost of innovation but also minimises the flexibility of the ext... Sign up
				              
										              2

						            	Ceferino Dulay, Jr.
Philippines
												
				                Outsourcing R&D: Hard to Find Know-How

													On the surface, outsourcing R&D and product development may seem cost-effective but there are many o... Sign up
				              
										              0

						            	Allemeersch Johan, Belgium
												
				                Insourcing of Innovation

													I would prefer to use insourcing of innovation, where I don't have own resources. Why should you out... Sign up
				              
										              0

						            	Elena Palkina
Manager, Russian Federation
												
				                Outsourcing R&D

													I'd like to point out that investments in innovation (R&D) can be extensive nevertheless they not al... Sign up
				              
										              0

						            	Svein Ulset, Norway
												
				                Outsourcing Innovation

													Many oil companies regularly outsource innovations (new technology). These are developed in joint R&... Sign up
				              
										              2

						            	Simon Gray
Manager, Switzerland
												
				                Outsourcing R&D is Needed

													Due to increasing complexity it is close to impossible for any single organisation to maintain speci... Sign up
				              
										              2

						            	Prashant
Business Consultant, United Kingdom
												
				                Outsourcing Innovation and Transformation

													Innovation can be of three types:
1. Innovation in values, ex- marketing, advertising 
2. Innovati... Sign up
				              
										              1

						            	L. Harnamsing
Mauritius
												
				                Outsourcing Innovation Minimizes Cost but Hampers Morale

													Outsourcing is good for organisations when it comes to maximising profits or minimising cost because... Sign up
				              
										              0

						            	hamid mohamed ahmed
Accountant, Sudan
												
				                Outsourcing Innovation

													Most organizations are operating in a very competitive environment and to stay alive through the dan... Sign up
				              
										              0

						            	desu rama mohan
Professor, India
												
				                Outsourcing of Human Resource

													The concern should be getting enough intellect who are committed to sustainable growth of an organiz... Sign up
				              
										              3

						            	PAT O REILLY
Ireland
												
				                Outsourcing of Innovation is Outsourcing your Core Business

													To outsource can have advantages and disadvantages. To outsource a service which you can undertake y... Sign up
				              
										              0

						            	SIVASUNDARAM, India
												
				                Outsourcing Situations

													Three situations when outsourcing should be done:
 - When internal resources are dry.
 - When ther... Sign up
				              
										              1

						            	Natasha Shamlou
Student (MBA), Iran
												
				                Outsourcing Has Become Easier and Cheaper

													According to Jeffrey Phillips Raleigh in June,10.2010: over the last 20 years or so, as global barri... Sign up
				              
										              2

						            	Alonso Acosta
Manager, Mexico
												
				                Outsourcing Innovation? NO -- Co-Sharing: YES

													Innovation is too critical a competitive advantage to be fully delegated to a third part, co-sharing... Sign up
				              
										              2

						            	Norm Nopper
Managing Director/Consultant, Canada
												
				                Outsourcing Innovation... Can you outsource learning?

													Cornelius, I’d never seen the phrase “outsource innovation” until your post. It struck me as strange... Sign up
				              
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