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The Core Competency Framework and Approaches to R&D

In: Outsourcing of R&D in the Pharmaceutical Industry

Author

Listed:
  • Bianca Piachaud

Abstract

The decision to outsource has traditionally been made on the basis of comparative cost. However it has been recognised that if properly implemented, outsourcing can provide a number of strategic benefits which include improved quality, focus, flexibility and leverage. If companies are to reap these benefits, it is essential that strategic sourcing decisions are based on sound strategic principles. It is important that managers consider the protection, development and exploitation of core activities, as well as the need to relate such sourcing decisions to the competitive advantage of the firm. Arguably then, the decision to ‘make or buy’ can be regarded as one of the most fundamental components of manufacturing strategy, as well as the most complex.

Suggested Citation

  • Bianca Piachaud, 2004. "The Core Competency Framework and Approaches to R&D," Palgrave Macmillan Books, in: Outsourcing of R&D in the Pharmaceutical Industry, chapter 4, pages 86-112, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51263-4_5
    DOI: 10.1057/9780230512634_5
    as

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