May 2004
Why Big Companies Can't Invent
A leading venture capitalist says corporations are too slow and timid to capitalize on their own inventions.
By Howard Anderson
It's often said that Thomas Edison's finest invention wasn't the light bulb or the record player; it was the concept of an ongoing industrial innovation and development process. Corporations from Edison's own General Electric to Ma Bell, Corning, and Kodak took his idea and ran with it, setting the stage for the modern R&D lab.
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