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View Winners → Business Sep 22, 2020
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How venture-capital-as-a-service can help keep established companies competitive. Maintaining an effective balance between managing internally and outsourcing has been a key factor in the growth of corporate America over the past few decades. Historically, different types of outsourcing have happened across various sectors in the U.S., driving the economy to higher levels over time. In the 1980s and ’90s, many U.S.-based companies outsourced research and development to Asia to reduce costs and secure the technical talent required to meet growing demand for products and services. Diversifying the talent pool has helped American companies to hedge risk and remain innovative. Overall, these U.S.-based companies performed better and drove higher profit margins, often leading the world in a variety of sectors. The Need for Corporate Innovation in the Developed World Recently, we have seen a surge in the need for corporate innovation in the developed world, as technology continues to develop rapidly. It’s challenging for internal R&D teams to keep up with the ever-changing world trends, as well as the latest consumer demand trends. Collaboration with top startups–which are disrupting industries with new products and business models–is one of the most effective ways corporations can remain competitive. INC. TODAY’S MUST READS: […]
