LSU Innovation Related to External Development Strategies Discussion
Question Description
- Identify and describe an innovation that resulted from one of the external development strategies/methods addressed in our readings and videos this week. Explain the benefits of this strategy/method, and comment on what you believe would have been some of the major obstacles/challenges the company would have faced had it decided to develop the innovation internally on a solo basis
- Your post must be between 250 and 350 words in length
- APA citations are required for initial responses
Readings:
- Brigl, M., Roos, A., Schmieg, F., & Watten, D. (2017). Incubators, Accelerators, Venturing, and More: How Leading Companies Search for Their Next Big Thing. The Boston Consulting Group. Retrieved from: https://www.bcg.com/publications/2014/mergers-acquisitions-growth-incubators-accelerators-venturing-more.aspx (Links to an external site.)
- Lenet, S. (2017). Analyzing the Spectrum of Corporate Innovation from R&D to VC. Techcrunch. Retrieved from: https://techcrunch.com/2017/04/21/analyzing-the-spectrum-of-corporate-innovation-from-rd-to-vc/ (Links to an external site.)
- Chesbrough, H. W. (2002). Making sense of corporate venture capital. Harvard Business Review, 80(3), 9099.
- Lerner, J. (2013). Corporate venturing. Harvard Business Review, 91(10), 8694.
- Back, A. (2018, August 3). The newest venture capitalists: food companies. The Wall Street Journal.
- Swabey, SP. (2017). Culture Clash – the Challenge of Innovation through Acquisition. The Economist. Retrieved from: https://eiuperspectives.economist.com/technology-innovation/innovating-scale/article/culture-clash-challenge-innovation-through-acquisition (Links to an external site.)
- Swabey, P. (2017, September 19). Innovation through acquisition: Can businesses buy their way into innovation? Retrieved from: https://eiuperspectives.economist.com/technology-innovation/innovating-scale/video/innovation-through-acquisition-can-businesses-buy-their-way-innovation (Links to an external site.)
- Swabey, P. (2017, September 19). How PwC innovates through acquisition. Retrieved from: https://eiuperspectives.economist.com/technology-innovation/innovating-scale/video/how-pwc-innovates-through-acquisitions (Links to an external site.)
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