Compare closed innovation with open innovation

The smart people in the field work for us. To profit from R&D, we must discover it, develop it, and ship it ourselves. If we discover it ourselves, we will get it to the market first. The company that gets an innovation to the market first will win. If we create the most and the best ideas in the industry, we will win. We should control our IP, so that our competitors don't profit from our ideas.