External Technology: Identifying and Sourcing External Technology – On-Demand Module
Tapping External Technology can be an effective way of supplementing an organization’s internal R&D activity and accelerating its new product development efforts. For companies and organizations that have relied on internal R&D activity, this module teaches about effective mechanisms for accessing and integrating external technology. The Want-Find-Assess-Get-Manage (WFAGM) process is an effective approach to implementing an external technology program and will be described in detail in this module. The “Want” and “Find” modules can help technology scouts become more effective in their jobs. The “Assess”, “Get” and “Manage” modules can help R&D managers with external technology assessment, intellectual property considerations, and effective project management involving external partners.