Effective practices for sourcing innovation
Article Type: Abstracts From: Strategic Direction, Volume 25, Issue 7
Slowinski G., Hummel E., Gupta A., Gilmont E.R. Research Technology Management, January-February 2009, Vol. 52 No. 1, Start page: 27, No. of pages: 8
Purpose – to study how 12 USA companies collaborate with other world-class organizations to innovate and develop the next generation of goods and services. Design/methodology/approach – the study focused on those companies who are members of the Industrial Research Institute (IRI) to understand how companies successfully access external innovation. Explains that information was obtained through three round table discussions with representatives from 12 leading USA companies in different industries, plus a workshop, held at the Fall 2007 IRI annual meeting. Findings – the results indicated that innovation sourcing practices involved: linking strategy to innovation sourcing; supplier relationships; dealing with marketplace disruptions; defining what to access externally; recognition that what a company wants and finds are linked; the power of culture in organizational change; the organizational value of reward systems and corporate communications; resistance to change; and facing the future. Originality/value – reveals aspects of sourcing innovation that tend to be overlooked by the literature. ISSN:0895-6308 Reference: 38AE418
Keywords: Innovation, Organizations, Product development,Product innovation, R&D, Surveys, Technology-led strategy, USA
