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Open Innovation and Open Business Models - Conference of ...

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The Logic <strong>of</strong> “<strong>Open</strong> <strong>Innovation</strong>”<br />

• Good ideas are widely distributed today. No one has a<br />

monopoly on useful knowledge anymore.<br />

• Being first to discover is neither necessary nor<br />

sufficient to win in the market<br />

• A better business model beats a better technology<br />

• Universities are now critical players in the innovation<br />

process<br />

• Not all <strong>of</strong> the smart people in the world work for us.<br />

© 2010 Henry Chesbrough 12

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