s area or developing a new product; to enter a new geographical or product market and to internationalise rapidly.
http://www.business.bham.ac.uk/bbs/static/images/cme_resources/Users/rehan/executive%20briefing.pdf
• Access to Facilities and Technology
• Ability to Keep the Company Small
• Speed and Flexibility in Delivering New Products
• Ability to Hedge Your Own R&D Effort • Less Costly than Buying a Company
• Diversification into New Markets
...