In the world of technology, new ideas rule. But that doesn't mean companies should keep their research labs under lock and key. As a matter of fact, just the opposite is probably true. One big advocate of what's called "open innovation" is Henry Chesbrough, a professor at the Haas School of Business at the University of California, Berkeley. Chesbrough has spent years documenting the benefits that businesses can expect to see from open innovation. He recently discussed the topic with Technology Review and explained exactly why it works.
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