Open innovation: The Dday of the Corporate ‘Fortress’ is Dead, Says Chesbrough

The days of corporations hiding behind barbed wire and security guards on suburban campuses are over, according to Berkeley Haas School Of Business Professor Henry Chesbrough.

At the recent World Innovation Forum in New York City, Chesbrough spoke about how open innovation — a term he created based on the theory that unrestricted flow of knowledge accelerates innovation — is dramatically changing corporations around the world.

With knowledge now widely distributed, Chesbrough insists that companies will flounder if they rely entirely on their own research.

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