When to Outsource Innovation?




Outsourcing
Knowledge Center

Translate

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.
 

Rating

 
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

   

More on Outsourcing:
Summary
Discussion Topics
👀When to Outsource Innovation?
Public Services Outsourcing
Incentivised Outsourcing Contracts
What is Outsourcing - Definition
How to Maintain Control in Outsourcing (jobwork)
Shared Services Models and Theories
Pricing of Outsourcing
Outsourcing Customer Services
Disadvantages of Outsourcing
How to Estimate Loss of Intellectual Property in Case of Outsourcing
What is Integral Outsourcing?
Combining Outsourcing with the Wisdom of the Crowd: Crowdsourcing
🔥Service Transition Management (Outsourcing)
Special Interest Group

Do you know a lot about Outsourcing? Become our SIG Leader

Outsourcing
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2023 12manage - The Executive Fast Track. V16.1 - Last updated: 28-3-2023. All names ™ of their owners.