Globalization of Innovation and Leading Remote Teams

Abstract

In all likelihood, if you are leading innovation, you are leading it in multiple sites across the globe. It is pretty hard to ignore both the vast technical talent and the potential markets in Europe, India, China, Korea, Japan, Southeast Asia, and others. Certainly access to talent, markets, and speed are the main reasons to globalize R&D. Unfortunately, you are unlikely to save money in doing so. Compensation for good technical talent remains high everywhere in the world, and any labor savings you might achieve are lost in added capital costs, travel, and communications. Still, you have to go global.