1. Why Haven't We Applied the Lessons from Lean to Innovation?
- Author
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Wright, Randall S.
- Subjects
BUSINESS enterprises ,TECHNOLOGICAL innovations ,FORTUNE 500 companies ,BUSINESS etiquette - Abstract
And that is why it became an instant hit with corporations - Chesbrough's open innovation sanctioned the firm's role as "customer" in its relationship to academe. Well, not if you believe research from Capgemini Consulting - namely, that since 2000, 52 percent of Fortune 500 companies have "gone bankrupt, been acquired, or ceased to exist" as a result of digital disruption, and 75 percent of S&P companies will be replaced by 2027 (Didier, Buvat, and Subrahmanyam [4], p. 2). I'm talking about how American business leaders had the humility to admit their firms needed to learn Lean from Japanese culture to master globally competitive operations, and why they need now to learn innovation from the culture of universities to master globally competitive innovation. Lerner and Wulf ([9], pp. 2-3) note: Beginning in the late 1980s, however, American corporations began fundamentally rethinking the role of these centralized research facilities... Reflecting both a perception of disappointing commercial returns and intensified competitive pressures, firms undertook a variety of changes to these facilities. [Extracted from the article]
- Published
- 2023
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