An Alliance Portfolio for Innovation in the Auto Industry

By • on December 7, 2016

A study in the Journal of Open Innovation concluded that companies promoting innovation must preferentially adopt an open innovation strategy. In particular, companies should maintain a long-term cooperative partnership with a clear goal of technology acquisition, reduce alliance portfolio management costs and produce positive effects from a long-term innovation perspective. However, companies should have an interest in absorbing knowledge about various fields through collaborations partners in other areas to gain the flexibility to react to internal and external environmental changes.

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