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This chapter emphasizes the strategic value of supply chains for reliability, cost optimization, market responsiveness, and risk dispersion. It advocates the principle: “use the supply chain whenever possible; avoid independent R&D unless necessary.” Independent R&D carries high technical, market, and sunk costs, with failure risk rising exponentially with complexity. The chapter encourages companies to focus on core competencies and conduct independent R&D selectively, building resilient, efficient strategies to thrive amid uncertainty.

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Supply Chains: The Cornerstone of Corporate Strategy—with a Discussion on the Boundaries of Independent R&D

  • 章节

  • 发表日期：

    2026年

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  • Shuai Li

摘要

This chapter emphasizes the strategic value of supply chains for reliability, cost optimization, market responsiveness, and risk dispersion. It advocates the principle: “use the supply chain whenever possible; avoid independent R&D unless necessary.” Independent R&D carries high technical, market, and sunk costs, with failure risk rising exponentially with complexity. The chapter encourages companies to focus on core competencies and conduct independent R&D selectively, building resilient, efficient strategies to thrive amid uncertainty.