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Acquisition, Benjamin - Coggle Diagram
Acquisition
Collaboration
Purchasing
Subcontracting/outsourcing/contracted-out R&D
Licensing
Alliances
Merge & Acquisition
Issues
Aim
Partners
Duration
Contract
Management
Investment/Re-engineering
Division of labour
Strategy
How To Decide On The Type Of Network For Collaboration
Objective of collaboration
Content of collaboration
Typology of partners involved
Expected resulting impacts
Productivity
Quality
Product development cycle
Labour-management relations
Accuracy of information flows
Production costs
Flexibility
Maintenance costs
Service performance
Sales
External Technology Acquisition
Processes
Goal setting
Finding technology suppliers
Contract preparation and negotiation
Technology transfer
Managing long-term collaboration
Choosing acquisition methods
Reasons
Limited internal resources
Time pressure
Lack of complementary assets
Protecting image
Diversification
Supporting internal technologies
Avoid development risk
Collaboration with external partners or purchasing from external developers
Acquisition Channels
Sponsoring university reserach
External R&D centers
Consultants
Licensing agreements
Vendors/suppliers
Acquiring machinery or the firm
Decision depends on
Strength of the organization’s own capabilities
Respective transaction and governance costs
Dynamic transaction costs
Open Innovation
Incorporates external knowledge into innovation management.
A bridge between internal team and external network.
Introduction
How the company will obtain the technologies needed for its business.
Reason of Acquisition
Develop technological capabilities
Competitive environment
Increase efficiency
Internal R&D capability
External acquisition capability
Advantages
Reduce entry barriers
Market power
New competencies and resources
Access to experts and capital
Internal Acquisition: R&D
Processes
New process development
Mass production
Mass customization
(History) Craft Production
R&D portfolio management
Optimizing resources
Budget and performance
Finding balance
New product/service development
Capture and exploit the knowledge generated by R&D activities
New-Product Development funnel
a set of processes for creating a firm's technologies in-house
Goals
Developing activities where ides are transformed into working prototypes and embodies into new product and services
Doing research to generate new knowledge and technical ideas aim at developing new and enhanced product and manufacturing services and processes
Disadvantages
Culture conflicts between two companies
Increase in unemployment
Clash between objectives between companies
Benjamin