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Capturing Value from Technological Innovation: Integration, Strategic Partnering, and Licensing Decisions

In: Technological Know-How, Organizational Capabilities, And Strategic Management Business Strategy and Enterprise Development in Competitive Environments

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  • DAVID J TEECE

    (School of Business Administration, University of California, Berkeley, California 94720, USA)

Abstract

The competitive potential embedded in new technology is not always captured by the innovator. Follower firms, customers, and suppliers are often the principal beneficiaries. When innovating firms lose to followers or imitators, the reason is often the failure of the innovator to build or access competitive capacity in activities, such as manufacturing, which are complementary to the innovation. This paper analyzes the make-or-buy decision with respect to these capacities in different competitive environments, including that of rapid technological change and easy imitation. Often it is pointless for firms to invest in R&D unless they are also willing to invest in the development of certain complementary capacities, at home or abroad.

Suggested Citation

  • David J Teece, 2008. "Capturing Value from Technological Innovation: Integration, Strategic Partnering, and Licensing Decisions," World Scientific Book Chapters, in: Technological Know-How, Organizational Capabilities, And Strategic Management Business Strategy and Enterprise Development in Competitive Environments, chapter 12, pages 237-252, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812834478_0012
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    Keywords

    Technological Innovation; Technology Transfer; Organizational Learning; Licensing; Cross Licensing; Organizational Capabilities; Dynamic Capabilities;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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