What the Industrial Revolution Can Tell Us About Open Innovation Today
An article on the Slate website on “The Lesson of the Power Loom” outlined some of the things that thr Industrial Revolution’s inventors can tell us about open innovation today. The article noted that innovators shared knowledge extensively in the past. Historians have documented that inventors shared ideas and designs in many key technologies. However, few of these episodes lasted more than a couple of decades. Shared innovation gave way to firms seeking to lock up their knowledge. And therein lies a possible warning for today’s innovators.
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