
Open Innovation in the Luxury Field
The Luxury Institute website noted that only a small minority of brands applies open innovation across the luxury landscape. Frequently, luxury goods and services brands are insular and isolated from the best available external talent. They behave like command-and-control fortresses, protecting themselves from expired threats, while failing to address
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How Amazon Turned Their Services into a Platform
The Garwood Center for Corporate Innovation website posted an article which noted that it is not safe to rely on only excellent service to sustain your competitive advantage as a services provider because competitors will learn from you. A more robust approach is to turn your service into a platform
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