The challenge facing most organizations today are so massive that they cannot be solved in isolation.
To truly see the big picture organizations need to shift business thinking to embrace open innovation engagements. Being open to new people, ideas and models.
Whether the objective is to pool risks and costs, to seek leverage or enhance flexibility in order to achieve rapid commercialization, partnerships provide a strategic solution.
So, the selection of a future R&D partner is a crucial step. It’s a recruitment phase which should be approached with the same care as when seeking a new employee. For each project there is a different ideal partner.