Innovation Governance for Value Capture -The Problem and a Proposed Simple Model-based Solution
AbstractWe aim to model the "optimal" choice on internal versus external innovation for value capture of different-sized firms, in the context of multi-level bargaining. We find that size differentials are a major determinant for the choice in hand. We derive implications for "closed" versus "open" innovation approaches, and we discuss managerial practice, limitations and possible extensions.
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Bibliographic InfoPaper provided by Economic and Social Research Institute (ESRI) in its series Papers with number DYNREG42.
Length: 27 pages
Date of creation: 2009
Date of revision:
Innovation; Firm Size; Value Capture; Patent Portfolios;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-08-30 (All new papers)
- NEP-INO-2009-08-30 (Innovation)
- NEP-IPR-2009-08-30 (Intellectual Property Rights)
- NEP-TID-2009-08-30 (Technology & Industrial Dynamics)
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