Final answer:
Collaborating with innovation partners can provide missing resources necessary to make innovation projects successful. The Coca-Cola and DEKA partnership to produce the Slingshot water purification system is an example of this.
Step-by-step explanation:
Collaborating with innovation partners can be a key strategy to overcome resource limitations and increase the chances of success in innovation projects. In the case of Coca-Cola and DEKA's partnership to produce the Slingshot water purification system, both companies brought different resources and expertise to the table. Coca-Cola contributed its extensive distribution network and marketing capabilities, while DEKA offered its technology know-how and engineering skills.
This collaboration allowed Coca-Cola to enter the water purification market and leverage DEKA's innovative solution to address global water scarcity. By partnering with DEKA, Coca-Cola was able to access the missing resources necessary to develop and commercialize the Slingshot system, which otherwise would have been more challenging to achieve on their own.
Overall, collaborating with innovation partners like the Coca-Cola and DEKA partnership can provide complementary resources, expertise, and capabilities that enhance the chances of success in innovation projects.