Quiz 3 Flashcards
Firms are including actors involved in standardization process into their ecosystem in order to:
Define the quality criteria of their product
To lower the dependency on hardly available complementary assets, the technology developer can:
Develop partnerships with key asset owners
Managers should be involved in capturing value from technology either to increase appropriability or to:
Lower dependency to complementary assets
The technology-business ecosystem of Procter & Gamble contains:
More than 12 categories of players
A technology-driven business environment can be designed starting with:
2 categories of ecosystems
D.TEECE has developed a model to explain why techno-leaders:
Fail to capture economic value from tech
The complementary assets issue invites technology developers to connect with:
Emerging business ecosystems
To reinforce its competitive positioning the technology leader should reduce both:
Imitability and cost of complementary assets
To lower the cost of complementary assets, the technology developer can:
Maximize the technology ROI on niche markets
The more easily and rapidly imitable a technology is the more
Complementary assets are determinants
Making complementary assets more freely available in Teece’s matrix can be achieved by actions like:
The innovator acquires the owner of assets
General Electric is building and nurturing an ecosystem of start-ups in order to:
Prepare its entry on the “off the grid” market
To reinforce its competitive positioning, the technology leader can reduce imitability by:
Maintaining a technological lead-time
If imitability is low and complementary assets tightly available then technology leader
Find it difficult to make profit
The Silicon Valley ecosystem is a reference model in terms of:
Technology and innovation ecosystem
Teece’s matrix is a tool that allows to understand
The tech leader competitive position
Technology and innovation ecosystems includes the following categories of actors:
Research excellence, leading firms, investors
NEST has been commercialized with quite a success which provides:
Google with data about thousands families
Teece has highlighted two determinants of value capture from technology
Appropriability and complementary assets
The appropriability regime issue invites technology to connect with:
Innovation ecosystem
From a leading innovative firm, technology-driven emerging business ecosystems are based mainly upon:
4 categories of actors
In the Teece’s framework, leading firms are building close relationship with start-ups in order to gain:
An early understanding of an emerging market
Managers should play key roles in capturing value from technology that can be split into:
Two streams of actions
The connected thermostat for end consumers is a business where:
The owner of complementary assets has won
Complementary assets needed to spread technology include:
Manufacturing and sales capabilities
To reduce risks related to the appropriability regime of innovation, the innovator can:
Control key resources like rare knowledge
A no winner situation in Teece’s
The innovation will not be a source of profits
