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The purpose of this paper is to introduce the value in developing a portfolio of capabilities to fuel innovation. The author's experience suggests that a disciplined focus developing a portfolio of innovation capabilities is critical in the global competitive landscape. Traditionally, the business world has always been focussed on developing sustainable competitive advantage. This is optimal, but we find more and more situations where this notion of building a sustainable competitive advantage is no longer possible. In 2013 it is rare for a company to maintain a truly lasting advantage. Many times, the very success of the initiative drives competition, which in turn weakens the advantage. Innovation as a portfolio of capabilities that can continuously morph based on the traditional forces of the market can prove much more powerful. This paper discusses what is needed in developing a strategy for developing a portfolio of capabilities and the challenges that companies face in undertaking this goal.

General viewpoint based upon over 20 years of consulting work experience by an expert in the field of innovation, new product development, and research and development.

The relevance and importance of a novel approach to thinking about innovation is very creative and valuable to companies that are constantly struggling with the development of new products.

This is a novel approach to thinking about developing new products, capabilities, or services within an organization.

The paper is extremely valuable in that it highlights a new way to think about developing innovation and new product capabilities, new product features, in a competitive global environment.

The purpose of this paper is to introduce transfer pricing to a broader community of business leaders who might not be familiar with the importance of this concept. Transfer pricing is a term used to describe inter-company pricing arrangements relating to transactions between related business entities. These can include transfers of intellectual property, tangible goods, services, and loans or other financing transactions. Why is Transfer Pricing Important? The potential for US federal business tax reform and the rigorous pursuit of transfer pricing adjustments by foreign countries are among the top global tax concerns facing senior US tax professionals.

General viewpoint based upon years of consulting work on the topic.

The relevance and importance of transfer pricing is emphasized to a larger business community.

This is an excellent introduction to the topic of transfer pricing.

The paper is valuable in that it can be read and appreciated by a wide range of audiences.

This article aims to provide business managers and executives with a framework of how to best utilize and implement teams in the workplace so as to maximize both internal and external diversified skill sets capabilities in team members.

A combination of primary and secondary research was conducted to highlight and strengthen the authors' views and opinions. The original ideas and basic concepts are based upon the authors' own experiences.

Companies have much to gain from utilizing teams and teamwork within and across corporate boundaries. Success is more likely to be achieved if the team has certain core characteristics. In addition, a heterogeneous team composition could optimize efficiency, quality, and innovation. By collaborating and teaming with external parties companies can overcome internal resource limitations and achieve competitive advantage, greater profitability and maximize chances for long‐term survival.

The article is primarily based upon the authors' own experiences and opinions, which may differ from results of studies and research done on the subject. The secondary research was limited. The survey conducted by the authors was not scientifically constructed. The sample size was small (n=32) but yet statistically significant and based upon a convenience sample.

The article may help company executives and managers who want go get the most out of their employees and enhance their work teams' productivity levels, output quality, and creativity.

The article is a clear and concise read relating to a highly relevant business topic. It takes a multi‐level approach to the concept of teams in the workplace, and could serve as a good guide to business leaders on how to create the most efficient and effective work environment for their employees that will ultimately result in more successful and profitable operations.

This paper aims to describe the SFAS 109/Financial Accounting Standards Board (FASB) Accounting Standards Codification 740.

This paper is an overview of a topic.

SFAS 109 establishes the financial accounting and reporting standards for the effects of federal, state and foreign income taxes.

The paper is a good discussion for non‐tax financial executives. It is a valuable read for anyone looking for an introductory paper on the subject.

The purpose of this paper is to provide a brief overview of the issues of simplicity, transparency, equity and effectively administering the United States tax code.

Based upon a literature study and discussions with leading tax professionals.

Tax systems that are difficult to comply with and administer may lack transparency. A nontransparent tax system could be difficult to administer because tax administrators may have difficulty consistently applying the law to taxpayers in similar situations. In this sense, transparency is closely linked to the simplicity and effectively administering the United States tax system.

Provides for a non‐technical read for managers who seek a high level overview of the subject and are non‐tax professionals.

The purpose of this paper is to provide an understanding of a concept that the author refers to as strategic research and development.

The driver for this article came from interviews and discussions with CEOs, vice presidents, and director level engineers and scientists over the past several years who have demonstrated great interest in understanding why their companies' R&D efforts fall short of target so many times.

A visionary research and development, or new product or service development that is not linked early on to excellent operational and governance processes, cannot be successfully implemented. Conversely, operational excellence may lower costs, improve quality, and reduce process and lead times; but without a strategic R&D vision and guidance is unlikely to enjoy sustainable success from its operational improvements alone. High performance operating processes in R&D are critical and when combined with pro‐active implementation and governance will result in successful and strategic R&D which could serve as a sustaining advantage of companies in the near term and should secure long term survival.

The paper is insightful in that it makes several suggestions at optimizing research and development efficiency and effectiveness through strategic operational excellence. It is creative in that it links operational excellence and operations management themes with developing new products and services and the work of R&D. This is a very interesting read for high‐level executives and senior management involved with research and development and new product development.