Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 13 pages
Data source: Published sources
Topics:
Outsourcing innovation; Research and development; Original design manufacturers (ODM); Intellectual property; Independent design houses; Asian contract manufacturers; Cost saving strategy; Next step of outsourcing; A new paradigm and trend; Strategic and core activities; Global market challenges; Strategic drivers; Core competency; Faster time to market cycle; Resource flexibility reduced risk
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Abstract
For decades outsourcing has evolved as an effective cost-saving strategy for companies and as a vital part of the global economy. Over the years outsourcing has spawned from manufacturing to information technology and human resource management. In the early 21st century, outsourcing innovation, a new trend of outsourcing has emerged, which is gradually manifesting itself in diverse fields like electronics and mobile devices, investment research and pharmaceuticals. Research and development, which was once considered to be the inherent asset of a company is increasingly being outsourced as an attempt to reduce costs and improve competency. Despite its widespread advantages, outsourcing innovation has its share of challenges threatening companies with loss of their edge over innovation that could cause the conglomerates to shrink. This case study highlights the importance of outsourcing and the new trend of outsourcing innovation. It also provides insights into the dilemma of companies regarding research and development outsourcing. The case provides scope for discussion on the benefits and challenges of outsourcing innovation. A structured assignment ''205-070-4'' is available to accompany this case.
Location:
Other setting(s):
2001-2005
About
Abstract
For decades outsourcing has evolved as an effective cost-saving strategy for companies and as a vital part of the global economy. Over the years outsourcing has spawned from manufacturing to information technology and human resource management. In the early 21st century, outsourcing innovation, a new trend of outsourcing has emerged, which is gradually manifesting itself in diverse fields like electronics and mobile devices, investment research and pharmaceuticals. Research and development, which was once considered to be the inherent asset of a company is increasingly being outsourced as an attempt to reduce costs and improve competency. Despite its widespread advantages, outsourcing innovation has its share of challenges threatening companies with loss of their edge over innovation that could cause the conglomerates to shrink. This case study highlights the importance of outsourcing and the new trend of outsourcing innovation. It also provides insights into the dilemma of companies regarding research and development outsourcing. The case provides scope for discussion on the benefits and challenges of outsourcing innovation. A structured assignment ''205-070-4'' is available to accompany this case.
Settings
Location:
Other setting(s):
2001-2005