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Posted by / 23-May-2020 18:11

Updating the grand chessboard

Within the company, the innovation process involves not just R&D and procurement, but many other units as well—marketing/PR, sales and distribution, production, quality, trend scouts, and service, plus the company’s top management.

In this way, an innovation network enables development to acquire insights into new technologies.

The traditional sourcing strategies are ineffective with these suppliers, who are able to demand just about any price for their product.

Simply ignoring the patent protection and in-sourcing the product or having it produced by another supplier is one option.

At a time when competitive pressure is high and engineers are in short supply, innovation networks are increasingly important.

Patent-protected suppliers are a particular challenge for procurement.

Some companies use them to build critical capabilities internally.

Most see them as a lever for negotiating with their current supplier.

All sheets can be checked without password and although the data are taken from public reference, can not ensure that they are confidential and are protected if no receipt notice against.

Get it on i Tunes The “Asia Chessboard” features in-depth conversations with the most prominent strategic thinkers on Asia.

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