A silicon valley perspective on acquiring innovation

This is a great piece on how silicon valley has been leveraging inorganic avenues to enhance innovation within firms. In summary :

1. Innovation can be acquired, as much as it can be created within a corporation.

2. Lack of growth in large corporations, combined with the accelerating innovation pace, are causing corporations to increase their innovation-driven acquisitions, particularly of earlier stage companies.

3. Corporations must first identify the goal driving each innovation-driven acquisition and utilize five important dimensions with their associated actions during the acquisition and subsequent integration process.

Detailed article here : https://corporate-innovation.co/2014/07/07/acquiring-innovation/

#Innovation #Strategy