Collaboration Flashcards
1
Q
Strategic alliances
A
Share resources for mutual benefit on a project
1
Q
Joint venture
A
2 or more companies agree to pool their resources for new project
2
Q
Licensing in
A
Allow companies to provide capital to development and launch process
3
Q
Licensing out
A
Company grants another licences to use its products
4
Q
Outsourcing
A
Organisation obtains services or products from elsewhere rather than in-house
5
Q
Collective research organisations
A
Formed to facilitate collaboration among a group of firms
6
Q
Resource fit (choosing partners)
A
Complementary services or competencies
7
Q
Strategic fit (choosing partners)
A
Compatible objectives
8
Q
Reasons for collaborations
A
- increasing specialisation in products
- Splitting costs and sharing risks
- faster and achieve more
9
Q
Drawbacks collaboration (state 3)
A
- partner become competitor
- less profits
- collaboration slow down
- less control
- firms dont develop own competencies
10
Q
Differences between closed and open innovation model
A
Open allows for external research
