Difference between revisions of "Compare closed innovation with open innovation"

Revision as of 10:48, 13 September 2010

Closed Innovation

Open Innovation

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-{| |- | Closed Innovation || Open Innovation  |}
+{|
+|-
-The smart people in the field work for us.
+| Closed Innovation
-To profit from R&D, we must discover it, develop it, and ship it ourselves.
+Open Innovation
-If we discover it ourselves, we will get it to the market first.
+|}
-The company that gets an innovation to the market first will win.
-If we create the most and the best ideas in the industry, we will win.
-We should control our IP, so that our competitors don't profit from our ideas.