Markets for Technology and Their Implications for Corporate Strategy

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Show simple item record Arora, Ashish Fosfuri, Andrea Gambardella, Alfonso 2010-02-02T12:00:06Z 2010-02-02T12:00:06Z 2001
dc.identifier.bibliographicCitation Industrial and Corporate Change, 2001, vol. 10, nº 2, pp. 419-451
dc.identifier.issn 1464-3650 (on-line)
dc.identifier.issn 0960-6491 (print)
dc.description.abstract Although market transactions for technologies, ideas, knowledge or information are limited by several well-known imperfections, there is evidence that they have become more common than in the past. In this paper we analyze how the presence of markets for technology conditions the technology and corporate strategy of firms. The first and most obvious implication is that markets for technology increase the strategy space: firms can choose to license in the technology instead of developing it in-house or they can choose to license out their technology instead of (or in addition to) investing in the downstream assets needed to manufacture and commercialize the goods. The implications for management include more proactive management of intellectual property, greater attention to external monitoring of technologies, and organizational changes to support technology licensing, joint-ventures and acquisition of external technology. For entrepreneurial startups, markets for technology make a focused business model more attractive. At the industry level, markets for technology may lower barriers to entry and increase competition, with important implications for the firms' broader strategy as well.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Oxford University Press
dc.rights ©Oxford University Press
dc.title Markets for Technology and Their Implications for Corporate Strategy
dc.type article PeerReviewed
dc.description.status Publicado
dc.subject.eciencia Empresa
dc.rights.accessRights openAccess
dc.identifier.publicationfirstpage 419
dc.identifier.publicationissue 2
dc.identifier.publicationlastpage 451
dc.identifier.publicationtitle Industrial and Corporate Change
dc.identifier.publicationvolume 10
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