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Profiting From Technological Capabilities Technology Commercialization Strategy In A Dynamic Context
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Book Synopsis Profiting from technological capabilities: Technology commercialization strategy in a dynamic context by : Simon Wakeman
Download or read book Profiting from technological capabilities: Technology commercialization strategy in a dynamic context written by Simon Wakeman and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Profiting from Technological Capabilities by : Simon D. Wakeman
Download or read book Profiting from Technological Capabilities written by Simon D. Wakeman and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: TThis paper analyzes the technology commercialization strategy of an innovating firm when the incumbent firms possess specialized commercialization capabilities. According to the predominant framework, if the innovation is protected by a strong appropriabilty regime the optimal strategy is to license the innovation to an incumbent product firm. This paper argues by contrast that if the innovating firm has the ability to learn from its commercialization experience, its optimal strategy may be to commercialize alone or to pursue a hybrid arrangement (called co-promotion) whereby it licenses the innovation but retains the rights to participate in the commercialization process. The paper develops a game-theoretic model of the technology commercialization process and derives the conditions under which these different strategies are equilibrium outcomes. It then uses these to explain the pattern of arrangements pursued by biotech firms attempting to commercialize products in the pharmaceutical industry between 1978 and 2008. The results show that a firm is significantly more likely to use the hybrid strategy when there is a higher probability of commercializing a subsequent product in the same product field in future, when there are more firms competing to license the innovation, and when it is in a stronger financial position.
Book Synopsis Technology Commercialization Strategy in a Dynamic Context by : David H. Hsu
Download or read book Technology Commercialization Strategy in a Dynamic Context written by David H. Hsu and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A firm that lacks the specialized complementary assets necessary to commercialize an innovation faces a trade-off between contracting with an incumbent to access those assets and integrating downstream into commercialization. According to the framework developed in the prior literature, under a strong appropriability regime the innovator is likely to be better off contracting with an incumbent (as long as it can negotiate reasonable terms). However, we argue that if the innovator can learn from its experience in product commercialization, and thereby build its own commercialization capabilities, then the benefits of integrating downstream may outweigh the opportunity costs of learning and foregone profits. Alternatively, by engaging in joint commercialization, the innovator may be able to avoid these opportunity costs, albeit at the expense of higher inter-organizational governance costs. We illustrate the relationship between the choice of commercialization mode, commercialization experience, and performance in the context of the pharmaceutical industry. Specifically, we study how commercialization mode and experience affects the likelihood of drug approval. We find that when innovators lacking commercialization experience participate in the commercialization process though either joint commercialization or by commercializing alone, the product is less likely to be approved. However, innovators that have participated in the commercialization process in the past are more likely to successfully commercialize subsequent innovations under joint commercialization than those which have only contracted the commercialization to an incumbent. The results suggest that in some circumstances participating in the commercialization process, either through self-commercialization or by engaging in joint commercialization, may be the optimal strategy even for firms without the requisite complementary assets.
Book Synopsis Technology Commercialization Strategy in a Dynamic Context by : Simon Wakeman
Download or read book Technology Commercialization Strategy in a Dynamic Context written by Simon Wakeman and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Essays in Technology Management and Policy by : David J. Teece
Download or read book Essays in Technology Management and Policy written by David J. Teece and published by World Scientific. This book was released on 2003 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the manner in which successful firms develop, transfer, protect, and capture value from technological innovation. In essence, it is about ?knowledge management?, which lies at the foundation of firm level competitive advantage in today's global economy. The essays contain some of the fundamental contributions to the field of knowledge management by one of its best-known thinkers; they also constitute an immensely practical guide for those managers who wish to look below the surface of what is going on in Silicon Valley and elsewhere.
Book Synopsis Entrepreneurship, Innovation, and Platforms by : Jeffrey Furman
Download or read book Entrepreneurship, Innovation, and Platforms written by Jeffrey Furman and published by Emerald Group Publishing. This book was released on 2017-09-29 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite recent advances in our understanding of how innovation and entrepreneurship impact the creation and appropriation of value, numerous questions remain unanswered. This volume draws together scholars working at the forefront of entrepreneurship-, strategy-, and innovation-related domains to explore these questions.
Book Synopsis The Economic Theory of the Multinational Enterprise by : Peter J. Buckley
Download or read book The Economic Theory of the Multinational Enterprise written by Peter J. Buckley and published by Springer. This book was released on 1985-06-18 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Commercialisation and Innovation Strategy in Small Firms by : Tim Mazzarol
Download or read book Commercialisation and Innovation Strategy in Small Firms written by Tim Mazzarol and published by Springer Nature. This book was released on 2022-06-30 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the process of commercialisation and innovation management in small firms. Although commercialisation and new product development (NPD) has been covered quite extensively, relatively little attention has been given to how small-to-medium enterprises (SMEs) engage with these issues. The book explores this topic in depth, taking a close look at the reasons why decisions are made and mapping this behaviour against established theories and “best practice” models of NPD and commercialisation. The book uses case studies to analyse the relationship between entrepreneurial decision- making and commercialisation, and investigates how and why NPD and commercialisation decisions are made, which offers valuable insights from both a theoretical and applied perspective.
Book Synopsis Technological Innovation and International Competitiveness for Business Growth by : João J. M. Ferreira
Download or read book Technological Innovation and International Competitiveness for Business Growth written by João J. M. Ferreira and published by Springer Nature. This book was released on 2020-10-22 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores how companies combine technological innovation and competitive actions that create new opportunities for business growth in the international market. The complexity of designing today’s technology platforms requires profound knowledge in multiple areas. Technology development and commercialization as an ongoing competitive process involves enabling and inhibiting mechanisms, which govern the speed and acceleration of technological innovation. To compete more effectively, potential competitors are using coopetition and pooling their resources for shared gain in areas where they do not compete directly. Thus, a thorough examination of the current paradigms, theories, and frameworks is needed to increase our understanding of the technology-innovation-competitiveness linkages of business growth. This book brings together recent developments and methodological contributions within technological innovation, international competitiveness, and business growth that bridge the existing gaps and simultaneously advances the debate on this research topic.
Book Synopsis Profiting from Innovation by : William G. Howard
Download or read book Profiting from Innovation written by William G. Howard and published by . This book was released on 1992 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: American industry is renowned for its scientific and technical breakthroughs -- and equally famous for its visible failures in commercializing its own technology. Drawing on many examples of successful innovation management, an elite panel of the nation's most accomplished technical managers demonstrates how companies can transform new ideas into products efficiently and systematically by removing the barriers that surround innovative technology. This book reveals how technical innovation occurs in distinct patterns, and explains how pure technological advance relates to the organizations and markets it affects. Early in the life of a new technology, value lies in the search for applications and means, and the benefits come from being early to market. Later, value comes from executing product, process, quality, or service improvements sooner than others do. Finally, value comes from correctly managing mature products. The authors emphasize that recognizing and understanding these patternsenable managers to structure and prosecute commercialization activities, and relate internal capabilities to external opportunities. Since goals and techniques must vary with the characteristics and maturity of the technology, the requirements of production, and the parameters of competition in each industry, management must be flexible in the methods and strategies it selects. This nuts-and-bolts handbook demonstrates how managing technical resources is as important
Book Synopsis Technology Management by : Dilek Cetindamar
Download or read book Technology Management written by Dilek Cetindamar and published by Bloomsbury Publishing. This book was released on 2017-09-16 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an exciting and innovative core textbook that focuses on the micro-level analysis of TM as a dynamic capability. Now in its second edition and fully updated throughout, it systematically addresses the major tools and techniques needed for businesses to successfully conduct TM activities. Arguing that there is no single best way to manage technology in a company and there is no mechanistic route to success, this accessible handbook provides a wealth of resources designed to increase the dynamic capability of an organisation. Written by a highly experienced team of authors from the Universities of Sabanci and Cambridge, Technology Management is the perfect companion for undergraduate and postgraduate students on a variety of business, management and engineering degree courses. It is also suitable for practitioners seeking to progress their professional development and industry knowledge.
Book Synopsis Global Perspectives on Technology Transfer and Commercialization by : John Sibley Butler
Download or read book Global Perspectives on Technology Transfer and Commercialization written by John Sibley Butler and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: As we move further into the 21st century, increasing emphasis is being placed on the importance of technology transfer. Through new research and practices, scholars, practitioners and policymakers have made great strides in broadening our understanding and ability to implement technology transfer and commercialization processes. The fruit of that research is collected in this timely volume. Technology transfer is a dynamic area of study that examines traditional topics such as intellectual property management, the management of risk, market identification, the role of public and private labs, and the role of universities. This volume reflects on how government, business and academia influence technology transfer in different countries and how the infrastructure of a country enhances technology and contributes to each country s overall economy. Interpreting and adopting the processes of technology transfer and commercialization or, building innovative ecosystems is critical to seeing success in this digital age. Those leading the surge toward building innovative ecosystems for technology transfer are the fellows of the Institute for Innovation Creativity and Capital (IC2 Institute) at The University of Texas at Austin. Global in its scope of solving market economy problems, for this volume the Institute has focused its lens on accelerated knowledge-based development. Here, scholars from 13 countries come together to critique technology transfer from each of their respective nations. The results of their contributions lend innovative insight to exactly how different nations are working to maximize technology transfer and commercialization in uncertain times. Those with an interest in commercialization and technology transfer, from students to scholars, practitioners to policymakers, will find this important collection of great value.
Book Synopsis Commercialization of Innovative Technologies by : C. Joseph Touhill
Download or read book Commercialization of Innovative Technologies written by C. Joseph Touhill and published by John Wiley & Sons. This book was released on 2010-09-21 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers new technology ideas and guides you through the complete lifecycle of product innovation, including screening, funding, development, and commercialization.
Book Synopsis General Purpose Technologies and Economic Growth by : Elhanan Helpman
Download or read book General Purpose Technologies and Economic Growth written by Elhanan Helpman and published by MIT Press. This book was released on 1998 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economists have considered the accumulation of conventional inputs such as labour and capital to be the primary force behind economic growth. In the late-1990s however, many economists place technological progress at the centre of the growth process. This shift is due to theoretical developments that allow researchers to link microeconomic outcomes.
Book Synopsis The Economic Impact of Knowledge by : Tony Siesfeld
Download or read book The Economic Impact of Knowledge written by Tony Siesfeld and published by Routledge. This book was released on 2009-11-03 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 1998. This text explores how economists and public policy makers are re-thinking the way in which governments monitor, measure and influence an economy in an unbounded global environment where output is largely intangible and organisations are becoming are becoming increasingly non-national in scope. Through a collection of seminal articles written by prominent business people, academics, and public policy makers, this three anthology examines the key issues surrounding the economic impact of knowledge-based growth.
Book Synopsis R&d Strategy & Organisation: Managing Technical Change In Dynamic Contexts by : Vittorio Chiesa
Download or read book R&d Strategy & Organisation: Managing Technical Change In Dynamic Contexts written by Vittorio Chiesa and published by World Scientific. This book was released on 2001-03-09 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with key issues and trade-offs in R&D strategy and organisation, paying attention especially to dynamic competitive contexts where technology plays a key role. These topics are treated from the perspective of the decision taker, i.e. the manager who makes decisions in terms of R&D strategy and organisation. The book addresses typical problems of large firms having structured R&D and operating businesses where R&D is a source of competitive advantages. Although it focuses strongly on R&D, it sees R&D as a part (a key part) of the process of technological innovation, and therefore as an activity to be strongly and appropriately integrated with other functions to make innovation successful.This book is primarily conceived as an academic review of research topics. Therefore the main audience is composed of scholars, researchers and PhD students. However, the book can be useful for postgraduate students taking MBA electives, or students attending courses on technology management. It is also relevant to R&D managers and, more generally, people responsible for units concerned with technological innovation.
Book Synopsis Managing Technological Innovation by : Frederick Betz
Download or read book Managing Technological Innovation written by Frederick Betz and published by Wiley-Interscience. This book was released on 1998 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this new volume, Frederick Betz addresses industrial technology issues from two different perspectives: management concepts and technical concepts, distinguishes between the technology management needs of government and industry, provides a contemporary overview of MOT from one of its original creators, clarifies complex issues and helps the reader visualize future MOT problems, and describes economic development in the historical context of scientific change.
