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Disruption is a continuous threat to large corporations and their well-established business models. Innovative products are entering markets at historic rates and are eroding the position of dominant players. Recent global-scale events, like the COVID19 pandemic, the current inflationary cycle, and increased access to diverse pools of talent and ideas have amplified this dynamic. It is imperative for large companies in Healthcare and Industrial markets to find ways to adapt and sustain growth in an ever-changing world. Collaborating with external innovators and partners is a highly effective way of inspiring internal teams, enabling product innovation and driving long-term growth.
Triple Ring Technologies & Signify Lab have assembled an expert panel in the first of an ongoing series of conversations about strategies for established companies to proactively defend against disruption.
We will look beyond typical models of acquisition and dig deeper into ways that large companies can accelerate open innovation through partnerships outside of their organizations. Topics discussed will include:
-Benefits & value of internally generated IP compared to technology acquisition-Barriers to innovation in large corporations & strategies for clearing them-Utilizing outside collaboration to unlock internal potential and overcome institutional inertia-Gathering the right resources required for innovation
