Democratized and Distributed Innovation: Difference between revisions
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The Internet and the widespread availability of sophisticated digital design tools are radically changing best practice in product and service development. What was until recently a process concentrated within producer firms is now becoming democratized and widely distributed. This fundamental change has widespread consequences. It is inducing major changes in innovation processes, business models, and government policies. | The Internet and the widespread availability of sophisticated digital design tools are radically changing best practice in product and service development. What was until recently a process concentrated within producer firms is now becoming democratized and widely distributed. This fundamental change has widespread consequences. It is inducing major changes in innovation processes, business models, and government policies. | ||
Latest revision as of 09:32, 17 June 2010
Democratized and Distributed Innovation Session Organizers: Karim Lakhani, Eric von Hippel
The Internet and the widespread availability of sophisticated digital design tools are radically changing best practice in product and service development. What was until recently a process concentrated within producer firms is now becoming democratized and widely distributed. This fundamental change has widespread consequences. It is inducing major changes in innovation processes, business models, and government policies.