Abstract
OVERVIEW:Although innovation outsourcing has become a widespread practice in R&D management, managers on the ground wonder which project management practices are required for technology development with external providers. An examination of 24 outsourced development projects at Siemens identified five common drivers of success. Among these, project-specific partner competence as well as maintaining in-house competence distinguish successes from failures. In addition, each innovation source has specific success drivers. These include managing expectations (customers tend to get carried away thinking they can sell the technology next month) and protecting one's intellectual property in collaborations with competitors and start-ups. When a mature rather than novel technology is outsourced, the success drivers shift from project issues to producibility and system compatibility.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
