Global innovation networks
Our global innovation networks service offering enables clients to design, build and optimize innovation on a global scale through the creation of innovation networks that combine R&D, market intelligence, and local talent and resources.
Large manufacturing companies have long headed offshore to reap the benefits of lower labor costs and closer contact with local markets. Now, companies of all kinds are applying that same principle to their innovation efforts, leveraging lower costs, local talent and worldwide markets to improve efficiency and effectiveness. The benefits are clear: according to our 2008 Global Innovation 1000 study, companies that deployed more than 60 percent of their R&D outside their home countries tended to have better operating margins, total shareholder return, market cap growth and return on assets than their rivals.
A global knowledge economy is emerging in which the winners will be those who can successfully manage a global network of partners with access to technology, capabilities and local market understanding.Strategy& can help companies develop a global innovation program that can reduce costs while taking advantage of the talent and resources available in local markets throughout the world.