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Reinventing R&D Through Open Innovation
Quote: “Old-school R&D was strictly in-house. The new model for success requires collaboration with many innovators… In short, R&D labs once prized for their independence and proprietary research find they’re having a terrible time extracting value from their own work.”
Comment: To me, innovation is about smashing together various ideas…some work, some don’t. Diversity in idea expression is critical. As ideas come in contact with each other…the greater possibility for unique combinations. Innovation today often seems to be about unique combinations of existing concepts…as compared to entirely new concepts.