One of the key challenges for large corporations looking to achieve “Breakthrough Innovation” is that technology-intensive businesses usually need to research deeply into science in order to find breakthroughs.The challenge is particularly daunting for mature companies.
The cloud and the Internet form the backbone of global commerce and have enabled countless new businesses and innovations. The network behind it, though, has grown in an unplanned way, and consequent weaknesses in the architecture of the web must be addressed.
The new economic environment combines hypercompetition, faster product lifecycles and more empowered consumers to change the rules of the game for companies wanting to succeed. To meet these challenges a new paradigm for business is emerging – the age where creativity wins.
Companies around the world are expanding their local R&D footprint in emerging markets in order to strengthen their market position, gain access to local resources and reduce costs. But this creates a need to orchestrate cooperation between these dispersed R&D centers.