What the hare can teach the tortoise about make-buy strategies for radical innovations
Perrons, Robert K., Richards, Matthew G., & Platts, Ken (2005) What the hare can teach the tortoise about make-buy strategies for radical innovations. Management Decision, 43(5), pp. 670-690.
Purpose of this paper – The purpose of this investigation is to help establish: whether or not strong relationships between suppliers and customers improve performance; and if prescriptive frameworks on outsourcing radical innovations are dependent on industry clockspeed.
Design/methodology/approach – A survey of UK-based manufacturers, followed by a statistical analysis.
Findings – Long-term supplier links seem not to play a role in the development of radical innovations. Moreover, industry clockspeed has no significant bearing on the success or failure of any outsourcing strategy for radically new technologies.
Research limitations/implications – Literature about outsourcing in the face of radical innovation can be more confidently applied to industries of all clockspeeds.
Practical implications – Prescriptions for fast clockspeed industries should be applied more broadly: all industries should maintain a high degree of vertical integration in the early days of a radical innovation.
Originality/value – Prior papers had explored whether or not a company should outsource radical innovations, but none had determined if this is equally true for slow industries and fast ones. Therein lies the original contribution of this paper.
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|Item Type:||Journal Article|
|Keywords:||Innovation, Make or buy decisions, Outsourcing, Supplier relations, United Kingdom|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
Current > Schools > School of Management
|Copyright Owner:||Emerald Group Publishing Limited|
|Copyright Statement:||Copyright © 2005, Emerald Group Publishing Limited|
|Deposited On:||13 Oct 2011 16:29|
|Last Modified:||01 Mar 2012 00:36|
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