100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
logo-home
Capturing Value for Innovation summary €6,49
In winkelwagen

Samenvatting

Capturing Value for Innovation summary

 35 keer bekeken  0 keer verkocht

Good. All readings included.

Voorbeeld 3 van de 23  pagina's

  • 25 maart 2023
  • 23
  • 2022/2023
  • Samenvatting
Alle documenten voor dit vak (1)
avatar-seller
Leo11
Capturing Value for Innovation / Strategic Innovation Management 2023

Lecture 1: Introduction to Value Appropriation: Formal and Informal Protection Mechanisms

James, S. D., Leiblein, M. J., Lu, S. (2013), “How Firms Capture Value from their Innovations,” Journal
of Management, 39(5): 1123–1155.


Associating contextual conditions with value capture strategy
Patents
à institutional environment: less likely to use patent system to protect innovation of IP-laws
& law enforcement is weak
à Industry: industry-characteristics (like competitive intensity, number of capable
competitors, legal enforceability) affect firms’ propensity to patent
à Firm: more likely to use patent if: large patent portfolio; experienced in identifying &
litigating infringement; seek to shape appropriability of environment
à Technology: firms in discrete product industry more likely go for patents (can make
stronger claims of novelty) in complex product industry less likely
Secrecy
> institutional environment: secrecy is more likely used if environment provides weak IP-rights
> industry: competitive environment increases unintentional knowledge spillovers; less
secrecy
> firm: restricting information within firm may decrease learnings, postpone success
> technology: more complex technology > firm must weigh costs & benefits of secrecy
> secrecy also depends on type of innovation easy to identify or not)
> firms may disclosure innovation on purpose: show efficiency/quality to reduce competition;
so others can develop complementary technologies
Lead time advantage
Ø Institutional environment: more research needed
Ø Firm: superior ability to acquire and use information may reduce spillover effects &
increase benefit of lead time
Ø Technology: more complex, less chance that competitors can imitate fast à more
likely lead time
Complementary asset
Ø Institutional environment: environment with weak appropriability > need for C.A.
Ø Industry: industry with weak appropriability > need for complementary asset
Ø Firm: firm cant access complementary asset > need to make more themselves

1

, Capturing Value for Innovation / Strategic Innovation Management 2023

Ø Technology: radical technology change > more likely successful with complementary
asset
Patent & Secrecy
Ø Weak appropriability regime > firms active in product & process innovation more likely
to do combination
Patent & complementary asset
Ø Strong IP rights enforcement à combination is valuable
Ø Weak IP rights in industry à can support patent
Ø Combination might create firm specific appropriability
Ø High product complexity
Conclusion
1) Use of single mechanism – patent – is often used in literature
2) Propensity of firms using certain mechanisms varies with contextual conditions
3) Differences in effectiveness of mechanisms across industries: patent in industry &
technological environment with strong patent protection; other mechanisms in weak
patent protection environments
4) Strategies that draw on firm specific sources may be more effective than patents
alone: combination can be used in weak and strong appropriability environments
5) Firm specific innovation capabilities may enable firm to capture value: this potential
effect is independent from contextual factors




2

, Capturing Value for Innovation / Strategic Innovation Management 2023

Sofka, W., de Faria, P., & Shehu, E. (2018). Protecting knowledge: How legal requirements to reveal
information affect the importance of secrecy. Research Policy, 47(3), 558-572.



H1: Secrecy is more important for knowledge protection for Firms that are legally required to
disclose information to external partners (than for firms that don’t)
Ø Results support H1 positive and significant
Ø Relative importance of secrecy is roughly 40% higher


H2: Secrecy is more important for knowledge protection for firms that are legally required to
disclose information & this difference is larger for Firms located in technological cluster
Ø Results support H2
Ø But direct effect of technological cluster location on the relative importance of secrecy
is negative: only matters in combination with required disclosure of information


H3: Secrecy is more important for knowledge protection for firms that are legally required to
disclose info & this difference increases with a Firms investment in fixed assets
Ø Results support H3 positive & significant
Ø But direct effect of investment in fixed assets on secrecy is negative


H4: Secrecy is more important for knowledge protection for Firm that are legally required to
disclose information & this difference increases with firms past innovation performance
Ø No support for H4


Significant effects of control variables
Ø Variable measuring R&D intensity & process innovation
Ø Higher relative importance of secrecy for firms operating in discrete manufacturing
technology, medium high-tech, high-tech industries & technological service


Conclusion
Ø Knowledge protection through secrecy is even more important for firms with legal
requirements to disclosure information when they have higher fixed assets & are in
technological cluster



3

Voordelen van het kopen van samenvattingen bij Stuvia op een rij:

Verzekerd van kwaliteit door reviews

Verzekerd van kwaliteit door reviews

Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!

Snel en makkelijk kopen

Snel en makkelijk kopen

Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.

Focus op de essentie

Focus op de essentie

Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Leo11. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €6,49. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 52510 samenvattingen verkocht

Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen

Start met verkopen
€6,49
  • (0)
In winkelwagen
Toegevoegd