Managing Director, Comerford Technology Management, Ltd., Dublin, Ireland
Many organizations no longer do all of their R&D in-house. Increasingly, companies innovate by using a combination of R&D and externally sourced technologies. These may be acquired by licensing or sometimes by imitating competitors. Many of the larger companies which formerly had large R&D units are now slimming them down and getting many of their ideas from outside. Bell Labs and General Electric have cut back on R&D expenditure because they are not getting a good enough return and Procter and Gamble have announced a target of 50% externally sourced technologies. Intel has acquired much of its technology from outside sources.
Read the Full Article:
Full articles are available only to LESI Members. Please login to view the PDF of this Les Nouvelles Article.
Not an LESI member? Find out how to join your regional LES society and gain access to all that your LES society and LESI has to offer.