Obtaining an Innovation Strategy Name Institution Obtaining an Innovation Strategy As technology continues to advance and administration becomes complex, companies realize that there is much to be done that they cannot manage on their own. It is the reason firms embrace external methods such as alliance, joint venture and merger or acquisition to obtain other companies’ resources or knowledge. Companies also acquire these methods to share any risks involved, enter a new market, assist the firm to overcome competition in the market or adopt new technology among others. For an organization to perform any of these methods it has to decide on the intended goals, work towards...
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