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Examples to explain the following Chesbrough's Principles of Open Innovation. 1.Not all the smart people work for you. 2.It is better to build a better

Examples to explain the following Chesbrough's Principles of Open Innovation.

1."Not all the smart people work for you."

2."It is better to build a better business model than to get to market first."

3. "You should expand R&D's role to include not only knowledge generation but knowledge brokering as well."

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