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The War for Talent and Open Innovation
Much has been written about the war for talent in American business. We need to hire the best and the brightest in order to compete effectively in the global economy. This leads to impassioned arguments for raising the ceiling on H1B visas, and providing provisional green cards to foreign-born graduates with advanced degrees. Open Innovation,
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Can’t Afford to Innovate? Open up!
Former baseball catcher Yogi Berra liked to observe that “the future isn’t what it used to be.” This has also been a commonly voiced opinion about innovation. It is not hard to see why. The great research and development laboratories of the 20th century have downsized, been broken up,
From Products to Services: How Medellín, Colombia is Overcoming the Commodity Trap
I was just reminded of the importance of thinking of a product business as a service. I am just returning from an event in Medellín, Colombia, along with Ken Morse and Carter Williams, formerly from MIT and Boeing, respectively. There, the three of us discussed innovation, with the goal of helping
Everything You Need to Know About Open Innovation
Open innovation is a concept I originated that falls directly in that gap between business and academe. Conceptually, it is a more distributed, more participatory, more decentralized approach to innovation, based on the observed fact that useful knowledge today is widely distributed, and no company,
The Future of How We Consume Things
We often look at innovation in terms of the new products and technologies that come to market. We don’t often think about how we consume these new offerings. But that’s what is far more important. Our lives are shaped by how we interact with the “things” or “stuff”
How the U.S. Can Win the Innovation Game
Reminding us of earlier eras when threats from Japan and Russia forced us to raise our innovation game, President Obama eloquently articulated the imperative for our country to once again meet the challenge of international competition by rededicating ourselves to innovation in his recent State of
For American Growth, Learning to Innovate in a Service Economy
The U.S. economy desperately needs to create more jobs. Payrolls were up 103,000 jobs in December, according to the U.S. Department of Labor. These numbers provide some encouragement that job growth may be returning to the U.S. economy. Not surprisingly, most of these new jobs were in services.
Open Services Innovation in the Music Industry
In the Dec. 17, 2010 Wall Street Journal article “The New Rock-Star Paradigm,” the lead singer of OK Go describes how to make it without a record label. This article shows how the vertically integrated model of the record label is breaking down, and giving way to a more distributed model