Acquiring technology involves a variety of modes, which includes licensing, choosing equipment, getting into ad-hoc relationships, purchasing software and forming sophisticated alliances or joint undertakings. In all of the cases, the acquiring business must cautiously analyze the technology and determine be it necessary for the business enterprise. If it is, the acquiring organization must make sure it acquires the technology legally and with a minimal cost.
A great way to acquire a technology is by buying your inventor or its legal rights. Another option is usually to enter into a patent certificate arrangement with the developer or their particular representatives. Obvious license negotiating are typically immediate and cost you a fraction of a patent purchase. The attaining organization need to carefully consider the terms of the agreement to make certain it does not burn any worthwhile intellectual building in the future.
As well as a thorough research process, a very good acquisition needs careful the use of the obtained technologies. A very good integration strategy is normally split up into a series of focus areas, goals and key performance signals (KPIs). For example , the focus place for a technology acquisition strategy might be to “develop an efficient technology management method. ” The associated target might be to cut back the time necessary to evaluate fresh technologies and implement all of them in the company’s surgical treatments. The KPI might be to boost accuracy of evaluations or reduce the period of time it takes to name and execute cost-saving measures.
A common problem in high end acquisitions is to focus on specific products or perhaps market share. Such a slender view often leads to costly acquisitions that fail to add much value outside the primary product introduction. For example , Hewlett-Packard’s $25 billion dollars purchase of Compaq is often cited as the worst technology acquisition ever. A better methodology is for acquirers to seek out technology platforms which might be relevant to the acquiring company. For example , IBM’s purchase of Reddish colored Hat bundled multiple popular software additional resources platforms beneath one branded, from Apache to virtualization.