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Technological acquisition processes in product development of large companies

Author

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  • Marco Ferretti
  • Cristina Romano

Abstract

Companies are increasingly required to invest larger portions of their revenues in Research and Development (R&D) in order to gain and/or maintain their competitive advantage. Since firms need a portfolio of competencies which is hard to find in a single organisation, they try to create R&D structures characterised by high levels of flexibility and by research managers who act as filters of the R&D make or buy decisions. Empirical evidences show that a wide spectrum of solutions can be adopted by such research managers: from internal R&D to fully externalised research contracts. According to the case study analysis, we will present the evidences of two large Italian firms in order to describe and understand the following: the R&D solution adopted by mature industry companies; and if a gap between the empirical evidence and the traditional literature on product innovation really exists.

Suggested Citation

  • Marco Ferretti & Cristina Romano, 2006. "Technological acquisition processes in product development of large companies," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 3(2), pages 191-213.
    • Handle: RePEc:ids:ijpdev:v:3:y:2006:i:2:p:191-213
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    Cited by:

    1. Pekka SALMI, 2012. "The Impact of Public R&D Funding on Open Innovation," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 142-163, June.

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