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Innovation governance for value capture:the problem and a proposed simple model-based solution

Panagopoulos, Andreas P. and Pitelis, Christos (2009) Innovation governance for value capture:the problem and a proposed simple model-based solution. International Journal of Strategic Change Management, 1 (3). pp. 171-185. ISSN 1740-2859

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Abstract

We aim to model the 'optimal' choice on internal vs. external innovation for value capture of different-sized firms, in the context of multilevel bargaining. We find that size differentials are a major determinant for the choice in hand. We derive implications for 'closed' vs. 'open' innovation approaches, and we discuss managerial practice, limitations and possible extensions.

Item Type: Article
Journal or Publication Title: International Journal of Strategic Change Management
Uncontrolled Keywords: innovation governance ; firm size ; value capture ; patent portfolios ; multilevel bargaining ; patents ; closed innovation ; open innovation ; change management
Subjects: UNSPECIFIED
Departments: Lancaster University Management School > Economics
ID Code: 45048
Deposited By: ep_importer_pure
Deposited On: 11 Jul 2011 19:25
Refereed?: Yes
Published?: Published
Last Modified: 10 Apr 2013 16:13
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/45048

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