James, Leiblein, Lu (2013) Flashcards
1
Q
How firms capture value from their innovations:
Appropriation mechanism examples
A
- Formal legally backed:
o Patents, science and technology
o trademarks, brands and origin
o copy rights, original works (music)
o design rights, form and shape
o plant variety rights - Informal strategic:
o Secrecy, NDA & confidentiality, restrictions, org division
o Complexity, raise difficulty in understanding the innovation
o Lead time advantage
o Property pre-emptive investment, publish to public domain
o HRM practices