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Why Business ModelsNeed to Open Up
Former baseball catcher Yogi Berra liked to observe that “the future isn’t what it used to be.” This same general pessimism has been voiced about innovation in the United States and Europe, even as the innovation opportunities globally in places such as China and India have greatly expanded.1
And it is not hard to see why. The great research and development laboratories of the twentieth century have been downsized, broken up, or redirected to new purposes in the West, while new labs are springing up overseas in large countries such as India and China, as well as small countries such as Finland and Israel. ...
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