One of the companies who pulled successful joint ventures is Microsoft. The company, headed once by Bill Gates, has not only pooled talents from different countries but from different sectors to develop computer technology. Microsoft did not only sourced out innovation from in-house engineers, but also by-contract designers and manufacturers, university scientists and technology suppliers from China, Switzerland, Japan and India. This joint venture is popular to consultants as innovation networks and Microsoft calls it the Microsoft Lab.
In this Lab, the company explores boundless research and development to create a product. From the operating systems like Vista to Xbox consoles. It is a facility where the joint venture is physically obvious. The Microsoft Lab in China is one and accommodates 500 engineers, PhD students, visiting professors and suppliers. The China Lab studies, invents and tests graphics, handwriting recognition and voice-synthesizing technologies. One of 72 innovations is the digital ink, which tablet PCs now used.
Thanks to globalization and Internet! Outsourcing works opened faster and more innovative joint venture. Companies now could search and ink joint for joint venture agreements on intellectual properties to produce a new product. Growing joint venture capitalists spread innovations quickly in the globe, like Bangalore, Seoul and even Tel Aviv. So quick that flat TVs, digital displays, memory devices, wireless communications and electronic gaming immediately sprawled in Asia. So quick, too, that after Apple launched iPhone, Samsung and other mobile phone companies also immediately came up with touch phones.
New class of joint ventures eventually walked in technology industry to create innovative products. It has also crawled in to create global products as global market became too interconnected. These joint ventures, like the Microsoft Lab, are appreciating more local innovative discoveries to fit in different local needs. Suddenly, we discover custom products that are written in Chinese or designed in Indian look.
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- Rivers Corbett
- Rivers Corbett, MBA is an award winning entrepreneur, speaker, and author of "13 Fears of Entrepreneurs" He has received numerous business honors including Entrepreneur of the Year, Canada's Hottest Start-ups List and Canada's Fastest Growing Companies list through Profit magazine and most recently recognized as one of Canada's 10 Mentor RockStars.. Rivers is presently a member of Startup Canada's National Advisory Council, founding entrepreneur of StartUP Fredericton & the "Entrepreneur in Residence" at the University of New Brunswick. His real joy and expertise is being a StartUP Advisor and "zagging while everyone else zigs"...like his two newest businesses ventures the Relish Gourmet Burgers restaurant chain and TheRockStar StartUP for StartUP entrepreneurs. Oh... he is also the leader of a team of over 25 chefs through his other company The Chef Group. Not bad for a guy who hates to cook. Always looking for a new idea to help businesses' succeed...this is his newest marketing discovery for StartUPs The Lyoness Advantage. "Rivers is a 21st century entrepreneur, he's the one to watch" - Jim Gilbert: Canada's Huggable Car Dealer!