How to Get the Most From University Relationships

Innovation is the mandate of the day, and the manager has increasingly looking outside their organizations for new ways to grow. At the same time, shrinking budgets are forcing federal research institute universities to find alternative sources of funding for their research efforts. Consequently, the universities are feeling the urge to get out of the ivory tower to do business with companies to keep their labs open. The convergence of these factors leads to unprecedented opportunities … Read more »

Innovation is the mandate of the day, and the manager has increasingly looking outside their organizations for new ways to grow. At the same time, shrinking budgets are forcing federal research institute universities to find alternative sources of funding for their research efforts. Consequently, the universities are feeling the urge to get out of the ivory tower to do business with companies to keep their labs open. The convergence of these factors results in an unprecedented opportunity for successful partnerships between universities and businesses and universities, these are easier to make each day. In recent years, a sharp increase in the number of funded university-industry or corporate liaison programs to increase university funding from private sources seen addressed. But given their different needs, universities and companies approach collaboration from different perspectives. How can managers reconcile the different needs of the two types of institutions?
«Hide

from
Randall Wright
Source: MIT Sloan Management Review
8 pages.
Release Date: 1 April 2008. Prod #: SMR282-PDF-ENG
How to get the best case from the University of HBR solution Relationships