Outsourcing Cutting Edge R&D

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  • Outsourcing Cutting Edge R&D

    1. 1. Outsourcing Cutting Edge R&D What one needs to know By Arun Kottolli
    2. 2. Innovation will be outsourced <ul><li>In recent years, firms are hard pressed for R&D dollars – these companies are looking at outsourcing their R&D </li></ul><ul><li>Outsourcing R&D also means innovation has to be outsourced </li></ul><ul><li>For R&D outsourcing to be successful, company which is outsourcing and their outsourcing partners must work together </li></ul><ul><li>This presentation talks about things that must be done to succeed with outsourced R&D </li></ul>
    3. 3. Players in the Game <ul><li>Its clear that there will be at least two players – the company which is outsourcing the work (Initiator) & the company which is performing the outsourced work (Service provider) </li></ul><ul><li>In addition, there are hidden players. These typically include: </li></ul><ul><ul><li>CFO of the Initiator </li></ul></ul><ul><ul><li>Chief Engineer/Scientist of the Initiator </li></ul></ul><ul><ul><li>Account Manager/BDM of Service provider </li></ul></ul><ul><ul><li>Project Manager of Service Provider </li></ul></ul><ul><ul><li>Stake holders of both organizations </li></ul></ul>
    4. 4. Cultural Issues <ul><li>Every organization will have a unique organizational culture </li></ul><ul><li>Cutting edge R&D is often run by Virtuoso teams which typically have: </li></ul><ul><ul><li>Frenetic rhythm </li></ul></ul><ul><ul><li>High intensity of work </li></ul></ul><ul><ul><li>Emanate a discernible energy </li></ul></ul><ul><ul><li>Sometimes egocentric, temperamental, too elitist & difficult to work with </li></ul></ul><ul><li>Bringing a diverse set of people together is a management challenge </li></ul>

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