Crowd Innovation
The Crowdfund Insider website noted that while during last century the “not invented here” syndrome was quite common, more recently corporate venture capital isn’t working properly and innovation is increasingly more often bought outside the company then achieved internally, thanks to fresher minds, free to explore without restraints. The last 50 years have seen at least five waves of innovation driven competitive challenges, always bringing the same dilemma together with the exploration enthusiasm. This is why new entities have often been more effective than large organizations in exploring new concepts, without any concern to protect existing revenue streams.
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