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teece model of innovation
Essay specific features
Written by:
Gary M
Date added:
April 8, 2013
Level:
Grade:
A
No of pages / words:
2 / 483
Was viewed:
3858 times
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Essay content:
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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