Question

Outsourcing of innovation globally is more likely where:​

Answer 1

Explanation:

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Answer 2

Answer:

Concept:

Offshoring, in the words of Lewin et al. (2009), is "the process of sourcing and coordinating tasks and business processes across national borders," "to sourcing rather than sales activities, and it supports global or domestic rather than local operations."

Explanation:

• Utilizing outside parties for idea generation for new goods and services and (ii) development of marketing strategies is known as outsourcing innovation.
• In terms of development and market entry, outsourcing innovation is often faster than in-house innovation. This is due to the fact that your chosen partner is completely prepared to supply the answers you need because it is their area of expertise, therefore there are no hiring or development delays.

Hence, Outsourcing of innovation globally is more likely where innovations are autonomous.

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