Technology

"Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology." //en.wikipedia.org/wiki/Open_innovation   R&D Is No Longer a Barrier to Entry or Strong Strategic Advantage  Traditionally, innovation was a closely guarded secret. R&D teams hid away in secrecy innovating, discovering, and releasing the next generation of products. Think of IBM, Bell Labs, DuPont and other companies where R&D was a valuable strategic asset.   Traditional Companies Are Moving Toward Open Innovation According to the MIT Sloan Management review "Companies are increasingly rethinking the fundamental ways in which they generate ideas and bring them to market — harnessing external ideas while leveraging their in-house R&D outside their current operations." //sloanreview.mit.edu/article/the-era-of-open-innovation/   Harvesting, managing and sorting through 1,000s of ideas to find the diamonds in the rough is a daunting process.   Large organizations further complicate this process with...