More Innovation Needed From Top Tech Companies
The Financial Times website posted an article which noted that big companies realize they have much to learn from the nimbleness and radical ambition of many start-ups. The move towards open innovation is a really interesting shift. The big companies are realizing they can’t do it by themselves any more. Many big companies realize their core businesses are being disrupted in the digital economy and need to innovate to survive. In a world of distributed knowledge it is more efficient for companies to collaborate with outside partners — be they start-ups, academic institutions or consumer groups — to accelerate innovation.
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