UCL School of Management is delighted to welcome Jurgen Mihm, INSEAD, to host a research seminar discussing ‘Sourcing innovation: System or component?’

Abstract

Many purchasing projects for innovative projects involve buying complex systems, which require the suppliers to perform some custom product or technology development regardless of whether they win the project or not. Viewing such a procurement setting through the lense of contest, we study under which circumstances a buying firm should source an integrated system or individual components.