We are in the era when innovation is more likely to come from the outside in. And it will be collaborative. No more cloistered Ph.Ds. in R&D; ideas will stream in from outside corporate walls, across geographic borders, and even from customers. And innovation will be marked by continuous input and improvement.
The Constraints Have Gone Away
In the past, an individual entrepreneur with a great idea for a new product was constrained by capital, requirements for economies of scale, and....