Rethinking Innovation: How Knowledge-Sharing Organizations are Shaping the Twenty-First Century (The Gorman Lectures in Economics)

How corporations have increasingly embraced the sharing of knowledge as a competitive strategyInnovation is more important than ever, yet breakthroughs are becoming harder to achieve.Modern technologies, from artificial intelligence and 5G networks to biotech, are so complex that they require collaboration across companies, industries, and countries.Increasingly, firms are discovering that sharing knowledge can be more powerful, and more profitable, than guarding it.In Rethinking Innovation, distinguished economists Josh Lerner and Jean Tirole examine ways that corporations have embraced the sharing of knowledge as a competitive strategy.Open-source software, for example, has seen multibillion-dollar public offerings and shifting business strategies, producing high-profile disputes over what openness actually entails.Across high-tech industries, new forms of knowledge-sharing are transforming how companies develop and exploit new technologies. Lerner and Tirole explore three key organi