Showing papers by "David J. Teece published in 2000"

Managing Intellectual Capital: Organizational, Strategic, and Policy Dimensions

Abstract: From the Publisher: "In this book David Teece considers how firms can exploit technological innovation, protecting their intellectual capital, while staying ahead of the competition. He provides frameworks as well as practical advice, looking in particular at the organization structures most likely to support innovation, and how managerial decisions and strategy affect the division of the gains." "This will be essential reading for academics, managers, and students alike who want to keep abreast of contemporary strategic challenges."--BOOK JACKET.

Managing Industrial Knowledge: Creation, Transfer and Utilization

Abstract: From the Publisher: Managing Industrial Knowledge illuminates the complex processes at work in the creation and successful transfer of corporate knowledge. It is now generally recognized that the competitive advantages of firms depends on their ability to build, utilize and protect knowledge assets. In this volume many of the foremost international authors and pioneers of the study of knowledge in firms present their latest work and insights into organizational knowledge and innovation. In a world where markets, products, technologies, competitors, regulations, and even societies change rapidly, continuous innovation and the knowledge that produces innovation have become key. The chapters in this keynote volume shed new light on the contextual factors in knowledge creation, the links between knowledge and innovation in all aspects of business life and the processes by which these may be fostered or lost in organizations.

Innovation, Investment, and Unbundling

Abstract: In this Article, we examine the neglected tradeoff between innovation and mandatory unbundling of telecommunications networks. Our analysis is prompted by the Supreme Court's 1999 decision in AT&T Corp. v. Iowa Utilities Board and by the Federal Communications Commission's Second Further Notice of Proposed Rulemaking released later the same year, which address which network elements in the local telecommunications network shall be subject to compulsory sharing among competitors at regulated cost-based rates. Economic analysis indicates that mandatory unbundling at prices computed on the basis of the total element long-run incremental cost of the various network elements belonging to an incumbent local exchange carrier will adversely affect the ILEC's incentives not only to upgrade or maintain existing facilities, but also to invest in new facilities. Mandatory unbundling at TELRIC prices will also encourage competitive local exchange carriers to deviate from the socially optimal level of investment and entry. Finally, the confluence of mandatory unbundling and other FCC policies aggravates the distortion of investment decisions.

Combining Inventions in Multi-invention Products: Organizational Choices, Patents, and Public Policy

Abstract: We investigate the implications for patent-related public policy arising out of products that incorporate large numbers of inventions. Inventions may be combined in such multi-invention products using three alternative organizational modes - viz., licensing of inventions, trade in components that embody inventions, or by integrated production. An analytical framework is presented wherein the organizational tradeoffs between these modes are evaluated using a transaction cost approach. We demonstrate that patent policy not only affects incentives for innovation, but also influences these transaction costs, which in turn determine the preferred organizational mode(s) in the industry. Therefore, appropriate patent policy for multi-invention products is determined not only by tradeoffs between incentives for innovation and the ill-effects of monopoly, but also by organizational considerations in commercialization. The framework operationalizes the concerns voiced in many industries that current patent policy gives rise to dysfunctional transaction costs in multi-invention contexts. Implications are drawn for patent policy based on the framework and transaction cost analyses.