MGT 3830 : Ch11a- Test Two Material
Document Summary
Questions chapter 11 technology-based industries and the management of innovation. Innovation invariably involves the application of new technological knowledge. Invention is the commercialization of new products and services. The first personal computers (which appeared in 1975) represented a major scientific breakthrough. Research shows that across firms, r&d intensity and frequency of new product introductions is positively associated with profitability. In relation to innovation, the term regime of appropriability describes the conditions which influence how the returns to innovation are distributed between the innovator and other parties. An innovator"s ability to appropriate the of returns to an innovation depend largely on the innovator"s ability to establish property rights in the innovation. Codifiable knowledge is that which can be written down. The law relating to trade secrets is precise and well-defined. All resources and capabilities needed to support the development of innovations and bring them to market are the complementary resources .
