Can Japan Act Like Silicon Valley?
The IEEE Spectrum website noted that during the1970s and ‘80s, Japanese electronics manufacturers reigned supreme but were toppled by more nimble Korean and Taiwanese manufacturers, just as the Japanese had previously dethroned U.S. rivals . But whereas the U. S.’s strength in entrepreneurship helped it recover and move on to create new game-changing technologies, Japan is still struggling to get out of its stagnant rut. One way Japanese corporations can do this is to take a leaf out of Silicon Valley’s playbook and adopt more open innovation, rather than continuing to rely on their primarily closed, internal R&D systems.
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