Collaboration Strategies

Question 1

What are the advantages of working in collaborations?

Answer 1

• Collaboration can enable firms to achieve more, at a faster rate and at less cost and risk.
• Collaboration entails sharing controls and rewards.
• Obtaining needed skills and resources more quickly
• Reducing asset commitment and increase flexibility
• Learning from partners
• Can build a cooperation around a common standard.

Question 2

What are the main reasons of going solo or collaborating?

Answer 2

• Availability of capabilities
o Does firm have needed capabilities in house?
o Does a potential partner?
• Protecting proprietary technologies
o How important is it to keep exclusive control of technology?
• Controlling technology development and use
o How important is it for a firm to direct development process and applications?
• Building and renewing capabilities
o Is the project key to renewing or developing the firms’ capabilities?

Question 3

What types of collaborations agreements are there?

Answer 3

• Joint Ventures
o A particular type of strategic alliance that entails significant equity investment and often establishes a new separate legal entity.
• Licensing
o A contractual agreement that gives and organization (or individual) the rights to use another’s intellectual property, typically in exchange for royalties.
• Outsourcing
o When a organization procures services or products from another rather than procuring them in-house.
• Collective Research organizations
o Organizations formed to facilitate collaboration among a group of firms.

Question 4

What case discussion were collaborations strategies discussed?

Answer 4

In the Sangamo case, HIV program, where they had many various of ways to go to start their company.

Question 5

In what way does the OptiGOT lecture relate to collaboration strategies?

Answer 5

OptiGOT works business model is to work with other companies with collaborations and to help other companies develop better laser and batteries for other companies’ products. For every partnership and collaboration they sign an agreement contract that all the IP development of the laser and battery is owned by OptiGOT, and the company that they work for has the right to exclusively use the patent from OptiGOT.