To Beat Foreign Copycats, Sell Services

Small businesses in the U.S. that produce any kind of manufactured goods or technology products are at a significant disadvantage these days. The Internet has made it far too easy for competitors in such places as China, Bangladesh, and India to copy their ideas; relatively cheap labor allows them to produce at much lower cost. As a result, many American businesses find themselves in a state of profitless growth or headed toward insolvency. That's the unsettling wake-up call in "open innovation" father Henry Chesbrough's new book, Open Services Innovation: Rethinking Your Business to Grow and Compete in a New Era.

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