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When is Dealing in the Bazaar of Opportunities Beneficial?

In: Bazaar of Opportunities for New Business Development Bridging Networked Innovation, Intellectual Property and Business

Author

Listed:
  • Jaakko Paasi

    (VTT Technical Research Centre of Finland, Finland)

  • Katri Valkokari

    (VTT Technical Research Centre of Finland, Finland)

  • Tuija Rantala

    (VTT Technical Research Centre of Finland, Finland)

  • Soili Nystén-Haarala

    (University of Eastern Finland, Finland)

  • Nari Lee

    (University of Eastern Finland, Finland)

  • Laura Huhtilainen

    (University of Eastern Finland, Finland)

Abstract

In Chapter 3 we presented three questions (see Fig. 3.1) which can be used by a firm to consider if dealing in the Bazaar of Opportunities for New Business Development would be beneficial for them:(1) Why? That is, analysis concerning knowledge required to reach the target, which could be, for example, an identified opportunity for really a new business or a renewal of existing business.(2) How is it possible to obtain the knowledge, and what criteria should we use to assess how we obtain it? That is, could the knowledge be generated internally through a firm’s own R&D, or should we consider the using of external partners, and, if using external partners, with whom should we collaborate and could their interests and targets be aligned with us?(3) What would be the collaboration model to be used in innovation? That is, negotiations with potential actors about the details of collaboration model, including among other things, choice between different collaboration and business models, levels of openness, issues related to IP management, sharing of costs, risks and benefits…

Suggested Citation

  • Jaakko Paasi & Katri Valkokari & Tuija Rantala & Soili Nystén-Haarala & Nari Lee & Laura Huhtilainen, 2012. "When is Dealing in the Bazaar of Opportunities Beneficial?," World Scientific Book Chapters, in: Bazaar of Opportunities for New Business Development Bridging Networked Innovation, Intellectual Property and Business, chapter 8, pages 207-212, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9781848168923_0008
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