Jumpstarting the U.S. Economy
The Harvard Business Review website noted that most low-performing research-intensive U.S. firms are merely “sleepwalking” through their R&D investment decisions, simply maintaining their existing R&D initiatives, unwilling to incur greater risk. New investment decisions should place more value on “open innovation,” which demands multichannel partnerships among firms, universities, and research labs. In a world in which consumer preferences and technological change are evolving more rapidly than ever, this open innovation model is intended to get new ideas from concept to product more quickly.
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