"During its early years, Xerox was not able to capitalize on the market potential of the research and development that was getting done at PARC. The benefit of that work accrued to other companies.
During its early years, Xerox was not able to capitalize on the market potential of the research and development that was getting done at PARC. The benefit of that work accrued to other companies. For example, Apple launched the Macintosh Computer in 1984. This personal computer featured the GUI and a mouse, which for that era, was a revolutionary new innovation.
But Apple had not invented the GUI or the mouse. This brilliant work had been done by the scientists at Xerox PARC. So why was it Apple and not Xerox that was launching a product in 1984 and benefiting from PARC’s great inventions? The answer to that question lies in the fact that R&D and invention are not enough. In order to innovate successfully, companies need frameworks, tools and processes that can help them take their inventions from ideas to commercial success."
But Apple had not invented the GUI or the mouse. This brilliant work had been done by the scientists at Xerox PARC. So why was it Apple and not Xerox that was launching a product in 1984 and benefiting from PARC’s great inventions? The answer to that question lies in the fact that R&D and invention are not enough. In order to innovate successfully, companies need frameworks, tools and processes that can help them take their inventions from ideas to commercial success."