Henry Chesbrough: Innovation vs. Invention
The World of Business Ideas website posted a talk by Henry Chesbrough in which he describes the differences between innovation and invention. For decades corporations dedicated to inventing new products were worried that someone would find out their best kept secrets. However, it turns out that many of these inventions weren’t their own innovations.
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Manufacturing’s New Innovation Labs
The Harvard Business Review notes that in what now seems a distant past, company research facilities like Xerox PARC and Bell Labs fueled innovation and growth for dominant American manufacturing firms. As the pace of technological change has quickened and the costs of R&D have grown, that model