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Sunday, July 29, 2012

Creation Myth and Reality of Innovation

Fascinating piece on innovation from PARC.  Which remarks on Steve Job's famous visit to PARC labs for a demonstration of the 'windows' concept and mouse pointing and how it ended up in other places.  And how such  innovations like the mouse was integrated.  But most importantly, what does this all mean in an era of open innovation?  

" ... Through the pioneering work of Henry Chesbrough and others, there is now widespread awareness and practice of Open Innovation as a means for companies to leverage inventions and innovations from external parties. This can range from simply licensing IP (from or to others) and relying on outside organizations to help you see what’s possible, to co-developing and leveraging someone else’s investment to be tailored to your needs. Simply put, open innovation institutionalizes and provides an alternative model for the uncharted do-we-or-don’t-we-let-him-in? model of a few decades ago. And why not? Drawing on one another’s strengths is a great way to not only reduce risk, but realize new opportunities, faster.... " 

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