John Hagel was in India in February and wrote this in the context of the Indian IT industry:
The biggest opportunity of all requires a different form of innovation. It also requires a very different mindset for the leadership of the Indian IT service companies.
Rather than continuing to focus on attracting and retaining talent within their own companies, these firms could create enormous value by developing the management techniques required to mobilize and leverage specialized talent wherever it resides. This would require building scalable talent networks encompassing a broad range of smaller, more specialized companies.
The Indian IT services companies have been very effective in building relationships with technology product companies on a global scale. But when it comes to expanding their own IT services, they immediately focus inward. If they dont have the capability already in place, they may go out and acquire a smaller, more specialized company, but their instinct is to bring the capability in house.