teece model of innovation

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Miscellaneous

 

Written by:

Gary M

 

Date added:

April 8, 2013

 

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Grade:

A

 

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2 / 483

 

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3800 times

 

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For example, actions which lead to a negative performance metric would not be considered innovative, even if they met the requirements of novelty and enabling actions. THE TEECE MODEL OF INNOVATION: David Teece clarified that two factors - imitability and complementary assets - will have a strong influence in determining who will ultimately profit from an innovation...
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Imitability refers to how easily competitors can copy or duplicate the technology or process underpinning the innovation. There are many examples of barriers a company could use to protect itself from imitation, including intellectual property rights, complex internal routines or tacit knowledge. Complementary assets are equally important...
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