Innovation outsourcing: Risks and quality issues

Innovation is the creation of new idea, practice, object, or even product by an individual or company. A competitive organization needs to continuously offer new line of products and services to the market for their customers. In order to cut down their R&D costs, companies seek external or even global vendors to pursue their research and development (R&D) tasks. This paper discusses the issues related to innovation outsourcing, including uncertainty, risks, productivity and quality issues.

Research Highlight
► We differentiate the concepts and implications among innovation, innovation collaboration, and innovation outsourcing.
► We provide theoretical foundations that support innovation outsourcing practice.
► We examine the uncertainties and risks toward innovation, outsourcing, and innovation outsourcing practices.
► We examine quality and risk monitoring issues regarding innovation outsourcing.