Open Innovation vs. Closed Innovation
The Garwood Center for Corporate Innovation posted a blog which noted that while PARC was focusing on the internally focused Closed Innovation paradigm, the greatest technological achievements that emerged from PARC, by contrast, could only take root – and create real economic value – when pursued in a far different context, a context of Open Innovation. Most of these achievements were realized only when key PARC researchers left Xerox, and went to other smaller companies, or out on their own to start up new companies. These companies could not afford to pursue the model of deep vertical integration that Xerox followed. Instead, they had to define a business model to commercialize their own technologies.
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