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 the Union address.
But innovation has changed greatly since decades past. Winning the innovation game today means that no company, no matter how big or how successful, can do it all on their own. Companies that used to rely primarily upon their own internal resources for R&D today must innovate in a more open manner – integrating their internal ideas with the external ideas of many other companies, universities and startups to create new solutions, new systems and new possibilities that no one company could do on its own.
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