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Write umbrella agreements to foster innovation and avoid regret

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Write umbrella agreements to foster innovation and avoid regret. / Mouzas, Stefanos.
In: Harvard Business Review, Vol. Digital Article, 20.06.2014, 2014.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Mouzas S. Write umbrella agreements to foster innovation and avoid regret. Harvard Business Review. 2014;Digital Article, 20.06.2014. Epub 2014 Jun 20.

Author

Mouzas, Stefanos. / Write umbrella agreements to foster innovation and avoid regret. In: Harvard Business Review. 2014 ; Vol. Digital Article, 20.06.2014.

Bibtex

@article{9d3cdf236d014a2f91ab941b77d8cb41,
title = "Write umbrella agreements to foster innovation and avoid regret",
abstract = "More and more multinational corporations are experimenting with creating meta-agreements that spell out their aspirations. In studying these business agreements over the past decade, I{\textquoteright}ve found that they represent a radical advance from business as usual. They help address the problems of traditional business relationships, allowing the parties to understand one another{\textquoteright}s values and restructure their interactions in real time. In so doing, they provide room for joint development of innovative ideas in response to new circumstances and opportunities. In order to be effective, umbrella agreements must articulate companies{\textquoteright} values and their expectations for other firms{\textquoteright} behavior in language that is binding and enforceable, while providing mechanisms for revisiting aims and tasks. ",
author = "Stefanos Mouzas",
year = "2014",
language = "English",
volume = "Digital Article, 20.06.2014",
journal = "Harvard Business Review",
issn = "0017-8012",
publisher = "Harvard Business School Publishing",

}

RIS

TY - JOUR

T1 - Write umbrella agreements to foster innovation and avoid regret

AU - Mouzas, Stefanos

PY - 2014

Y1 - 2014

N2 - More and more multinational corporations are experimenting with creating meta-agreements that spell out their aspirations. In studying these business agreements over the past decade, I’ve found that they represent a radical advance from business as usual. They help address the problems of traditional business relationships, allowing the parties to understand one another’s values and restructure their interactions in real time. In so doing, they provide room for joint development of innovative ideas in response to new circumstances and opportunities. In order to be effective, umbrella agreements must articulate companies’ values and their expectations for other firms’ behavior in language that is binding and enforceable, while providing mechanisms for revisiting aims and tasks.

AB - More and more multinational corporations are experimenting with creating meta-agreements that spell out their aspirations. In studying these business agreements over the past decade, I’ve found that they represent a radical advance from business as usual. They help address the problems of traditional business relationships, allowing the parties to understand one another’s values and restructure their interactions in real time. In so doing, they provide room for joint development of innovative ideas in response to new circumstances and opportunities. In order to be effective, umbrella agreements must articulate companies’ values and their expectations for other firms’ behavior in language that is binding and enforceable, while providing mechanisms for revisiting aims and tasks.

M3 - Journal article

VL - Digital Article, 20.06.2014

JO - Harvard Business Review

JF - Harvard Business Review

SN - 0017-8012

ER -