Acquiring technology involves several different modes, including licensing, ordering equipment, getting into ad-hoc partnerships, purchasing software and forming sophisticated alliances or perhaps joint endeavors. In every cases, the acquiring group must properly analyze the technology and determine whether it’s necessary for the business enterprise. If it is, the acquiring organization must make sure it acquires the technology legally and with a nominal cost.
A great way to acquire a technology is by buying the actual inventor or perhaps its privileges. Another option is to enter into a patent license arrangement with the creator or all their representatives. Obvious license agreements are typically initial and cost you a fraction of any patent order. The applying for organization must carefully consider the terms of the agreement to make sure that it does not eliminate any worthwhile intellectual property in the future.
In addition to a thorough research process, a very good acquisition needs careful the usage of the received technologies. A successful integration plan is normally divided into a series of target areas, goals and major performance signs or symptoms (KPIs). For example , the focus area for a technology acquisition strategy could possibly be to “develop an efficient technology management procedure. ” The associated goal might be to relieve the time needs to evaluate new technologies and implement them into the company’s business. The KPI might be to further improve accuracy of evaluations or perhaps reduce the length of time it takes to recognize and perform cost-saving methods.
A common oversight in great acquisitions is usually to focus on particular products or perhaps market share. Such a narrow view typically leads to pricey acquisitions that fail to add much additional resources value outside the initial product release. For example , Hewlett-Packard’s $25 billion dollars purchase of Compaq is often reported as the worst technology acquisition ever before. A better way is for acquirers to seek out technology platforms which have been relevant to the acquiring company. For example , IBM’s purchase of Crimson Hat bundled multiple well-known software platforms under one name brand, from Apache to virtualization.