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