Hide Techdirt is off for the long weekend! We'll be back with our regular posts tomorrow.

Missing The Point On Innovation

from the old-school-thinking dept

Just as we were discussing the way innovation is changing drastically as it’s pushed out to the ends, rather than centralized, along comes the president of the Royal Academy of Engineering in the UK to say something quite different on the subject of innovation. While he makes some interesting points on how innovation has changed over the past few decades, including the growth of collaboration, he misses the point by focusing on the importance of protecting your intellectual property. It’s amusing that he says this right after he talks about the importance of collaboration in the new era of innovation. Hiding away your intellectual property doesn’t seem to fit very well with the idea that innovation needs to be more collaborative. In fact, it makes it more difficult to generate new ideas based on existing innovations and the ability to build off of what others are doing. His whole theory seems to go back to the idea of using intellectual property to create a “sustainable competitive advantage.” Once again, a sustainable competitive advantage is a myth. Anything that’s successful will be copied at some point — intellectual property or not — and the market will often benefit from it, because the competition leads to improvements. That means, the focus needs to be not on sustainable competitive advantage, but on creating a culture of innovation that means you have repeated fleeting competitive advantages, constantly pushing the market forward — benefiting everyone. The previous post here on Techdirt talked about one way that’s happening — by opening things up and letting your users innovate for you based on their own needs. It’s not about locking up intellectual property, but making it open enough to encourage rapid ongoing innovation.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Missing The Point On Innovation”

Subscribe: RSS Leave a comment
1 Comment

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...