Digital Commons Network^™

New Product Innovation With Multiple Features And Technology Constraints, Kathy A. Paulson Gjerde, S. A. Slotnick, M. J. Sobel

Scholarship and Professional Work - Business

We model a firm's decisions about product innovation, focusing on the extent to which features should be improved or changed in the succession of models that comprise a life cycle. We show that the structure of the internal and external environment in which a firm operates suggests when to innovate to the technology frontier. The criterion is maximization of the expected present value of products during the life cycle. Computational studies complement the theoretical results and lead to insights about when to bundle innovations across features. The formalization was influenced by extensive interviews with managers in a high-technology firm that …

The Effects Of Business-University Alliances On Innovative Output And Financial Performance: A Study Of Publicly Traded Biotechnology Companies, Gerard George, Shaker A. Zahra, D. Robley Wood

Research Collection Lee Kong Chian School Of Business

Companies in the biotechnology industry face major challenges in developing and commercializing new products. Focusing on publicly traded biotechnology firms that are not members of university incubators or research parks, this paper argues that the links these companies develop with universities can have beneficial effects on a company's operations. Analysis of 2457 alliances undertaken by 147 biotechnology firms shows that companies with university linkages have lower research and development (R&D) expenses while having higher levels of innovative output. However, the results do not support the proposition that companies with university linkages achieve higher financial performance than similar firms without such …

Converting Intellectual Assets Into Property, Thomas G. Field Jr

Law Faculty Scholarship

The mouse and graphic interface were first commercialized on Macintosh computers. Yet, Steve Jobs is said to have derived both from the Alto computer developed by Xerox's Palo Alto Research Center. While Jobs became a billionaire, "Xerox completely failed to get into the personal computer business, missing one of the biggest business opportunities in history."

Preferring to be more akin to Apple than to Xerox, firms are increasingly mindful that their most valuable assets are apt to be ideas and information instead of land, buildings and inventory. Not capable of being fenced in or locked up, intangible assets can be …

Hold-Up And Patent Licensing Of Cumulative Innovations With Private Information, James Bessen

Faculty Scholarship

When innovation is cumulative, early patentees hold claims against later innovators. Then potential hold-up may cause prospective second stage innovators to forego investing in R&D. It is sometimes argued that ex ante licensing (before R&D) avoids hold-up. This paper explores ex ante licensing when information about development cost is private. In this case, contracts may not be written ex ante. Moreover, the socially optimal division of profit occurs with weak patents and ex post licensing. Empirical evidence on licensing conforms to a model with private information. In some innovative industries, little ex ante licensing occurs, suggesting hold-up remains a problem.

Adequacy Of The 1995 Antitrust Guidelines For The Licensing Of Intellectual Property In Complex High Tech Markets, Clovia Hamilton

Winthrop Faculty and Staff Publications

In 1995, the Department of Justice and the Federal Trade Commission adopted new guidelines for those wishing to license intellectual property rights without violating antitrust laws. Designed to provide clarity, these guidelines instead breed confusion because they misunderstand the nature of intellectual property markets and provide insufficient guidance in the most difficult areas. Section I of this article will discuss the basic provisions of the guidelines, especially their treatment of "innovation markets." It argues that government enforcers should focus primarily on activity that creates entry barriers. Understanding the use and misuse of licensing is the key to analyzing barriers in …

Innovation, Vol. 1, Issue 1, April, 2002, Unknown

Issues

No abstract provided.

Innovation, Vol. 1, Issue 2, June, 2002, Unknown

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No abstract provided.

Innovation, Vol. 1, Issue 3, Autumn 2002, Unknown

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No abstract provided.

Competition And Innovation: Small And Medium Enterprises In The New Economy, Boon-Chye Lee

Faculty of Commerce - Papers (Archive)

The advent of the "New Economy" has important implications for how small and medium-sized enterprises will compete. This. paper proceeds by examining the key characteristics of the industries of the New Economy, and what they mean from the perspectIve of innovation and competition for SMEs.

Sme Information Sourcing For Innovation And Export Market Development: From Local Or External Networks?, A. Hodgkinson, P. Mcphee

Faculty of Business - Economics Working Papers

A survey analysis of innovation information and input sourcing of New South Wales regional exporting firms indicates that the majority of regional exporters were small to medium sized enterprises (SMEs). The analysis shows that these SMEs have been able to establish their own extensive information linkages into the international economy. Consequently, the need to assess and develop the benefits of linkages between small and large firms is not highly significant within the New South Wales regions. The analysis indicates that international networking by SMEs brings knowledge to the regions, which facilitates intra-firm learning. However, it suggests that SME’s local or …