1. The Hollywood model: leveraging the capabilities of freelance talent to advance innovation and reduce risk: a networked, project-based approach to R&D may drive innovation in the future, offering greater creativity and more efficiency
- Author
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Ayers, Alan, Miller, Kimberly, Park, Jongwon, Schwartz, Lawrence, and Antcliff, Rich
- Subjects
Business creativity -- Methods -- Analysis ,Industrial research -- Forecasts and trends -- United States ,Information technology management -- Analysis ,Research and development ,Market trend/market analysis ,Business, general ,Business ,Engineering and manufacturing industries - Abstract
OVERVIEW: In 2013, the Industrial Research Institute (IRI) commissioned the IRI2038 foresight project to research how developments in technology, business processes, regulation and other spheres will impact the art and science of research and technology management over the next 25 years. That study defined three scenarios likely to shape the innovation process in coming years. One of those scenarios was the Hollywood model, in which scientists, engineers, and innovators no longer work for a single firm but rather contract out their services to individual projects and then move on to other projects and companies. Over the course of six months, an IRI Research working group conducted four workshops with R&D leaders at IRI member companies to explore how talent management would be affected in this scenario. The workshops identified challenges and opportunities associated with the Hollywood model as a paradigm for industrial R&D, focused around eight critical aspects of current talent management practice. Although the Hollywood model faces significant infrastructure and legal impediments today, its employment of external R&D workers with diverse experiences and perspectives is likely to create a greater opportunity for significant innovation. KEYWORDS: Hollywood model, Talent management, Futures, IRI2038, IRI Research, It has become cliche to open a paper on innovation management with the observation that the competitive environment is changing at a rapid pace and in every direction. That business [...]
- Published
- 2016
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