Innovation is the mandate of the day, what more outside managers to research their organizations for new ways to grow. At the same time, the reduction of federal research budgets are forcing universities to seek other sources of funding for their research. Therefore, universities feel the need to get out of their ivory tower to do business with companies to maintain their labs. The convergence of these circumstances involves an unprecedented opportunity for successful partnerships between universities and companies and universities to facilitate this task every day. Recent years have seen a sharp increase in the number of outreach programs with industry or sponsored by universities to increase university funding private home now. But, taking into account their different needs, universities and businesses to come to the assistance of different viewpoints. How can managers reconcile the different needs of the two types of institutions?
by
Randall Wright
Source: MIT Sloan Management Review
8 pages.
Publication Date: April 1, 2008. Prod #: SMR282-PDF-ENG
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