Globalization & Converging Technologies – the time is ripe for Innovation Outsourcing without Borders
Having the right approach to globalization will define successful leadership in 2010. While financial institutions toppled in 2009, new industries were born. While industry incumbents struggled to survive, new entrants thrived. It’s in the sharp corners of when industries and economies turn that new leaders emerge. Today’s leaders understand the importance of globalization. Globalization is one of the fundamental laws of business. If business were physics, then globalization would be its gravity. The best products and services will be sought out, bought, and consumed by people all over the world, especially since comparative product information is now essentially available to anyone, at anytime and anywhere. And successful products and services will be produced globally to be the most optimally cost efficient and with the highest global utility. Now more than ever before — the time is right for innovation outsourcing without borders.
Companies need to enable flexibility in their product development processes to accommodate market-specific customizations. And companies need to get more value out of R&D spending, and tap the best minds on the planet to create [Continue Reading...]

