Harnessing the Secret Structure of Innovation

Innovation is an evolutionary search process.

The exhibit below, “Information-Enabled Innovation Strategies Outperform,” demonstrates three crucial insights. First, information-enabled strategies outperform strategies that do not use the information generated by the search process. Second, in an earlier phase of the game, an impatient strategy outperforms; in later stages, a patient strategy does.

Source: Harnessing the Secret Structure of Innovation

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