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Best Practices of Global Innovators |Q&A with: |Alan D. MacCormack | |Published: |November 26, 2007 | |Author: |Sean Silverthorne | decision maker Summary: Corporate R&D labs used to be the key for companies to create competitive advantage. except in the twenty-first century, innovation is moving out of the lab and across the globe. Thats w herefore Harvard Business School professor Alan MacCormack and his research collaborators believe that a real source of competitive advantage is skill in managing innovation partnerships. Key concepts include: Innovation is increasingly control through collaborative teams due to product complexity, availability of a low-cost but highly skilled labor pool, and advances in development tools. Collaboration adds to the top and bottom lines by trim back development lead times, increasing capacity, and facilitating access to skills, capabilities, and intellectual proportion that a firm does not possess internally. Many efforts at innovation coaction fail because they begin with the goal of clayey costs. Successful collaboration programs develop a collaboration dodging that is aligned to their business needs. They also organize for effective collaboration and invest in building collaborative capabilities.

Top of Form underside of Form EASY PRINT VIEW e-mail TO A FRIEND SHARE ARTICLE E-MAIL THE EDITOR DOWNLOAD PDF In the not-too-distant past, many companies secured competitive advantage by investing heavily in internal R&D. bon ton engineers and scientists built value from the ground up, and protected their intellectual berth like lions defending their pride. If it was not invented here, it was not worth using. But today, says Harvard Business School professor Alan MacCormack and his research collaborators, not invented here is becoming a badge of honorâ€"and more than that, a source of competitive advantage. To design the 787 Dreamliner, now scheduled for... If you extremity to get a full essay, order it on our website: Ordercustompaper.com

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