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Journal ArticleDOI

Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy

David J. Teece
- 01 Apr 1993 - 
- Vol. 15, Iss: 6, pp 285-305
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TLDR
In this article, the authors explain why innovating firms often fail to obtain significant economic returns from an innovation, while customers, imitators and other industry participants be- nefit.
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This article is published in Research Policy.The article was published on 1993-04-01. It has received 7020 citations till now. The article focuses on the topics: Complementary assets & Commercial policy.

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Citations
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Business Models and Organization Design

TL;DR: In this paper, the theoretical foundations of the business model concept are clarified and the five elements of a business model: customers, value propositions, product/service offerings, value creation mechanisms, and value appropriation mechanisms.
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Evolutionary diffusion: internal and external methods used to acquire encompassing, complementary, and incremental technological changes in the lithotripsy industry

TL;DR: In this paper, the authors examined methods of technology acquisition that firms have used in the commercialization of medical lithotripters, which are devices that fragment stones in the kidney and gall bladder.
Journal ArticleDOI

Innovation and new product introductions in emerging markets: Strategic recommendations for the Indian market☆

TL;DR: While radical innovations and growth strategies supporting such innovations may provide the firm with very high returns, there are also considerable risks in devising and implementing such innovations Apart from the business risks of venturing into new territories and new markets, radical innovations also carry with them the burden of accounting for market and environmental factors that are often not under the control of the firm as discussed by the authors.
Journal ArticleDOI

Competencies, Innovation And Profitability Of Firms

TL;DR: In this paper, the authors investigated the impact of competencies on firms' economic perfomance and found that educational measures of competence are significantly associated with profitability, and that educational competencies are more important for innovators.
Journal ArticleDOI

How do high performance work systems influence organizational innovation in professional service firms

TL;DR: In this article, the authors examined how a system of human resource management practices, labelled high-performance work systems (HPWS), influences organizational innovation in professional service firms (PSFs), and found strong support for the mediating role of employees' innovative work behaviours in the relationship between HPWS and two types of PSFs' innovation performance.
References
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Book

The Structure of Scientific Revolutions

TL;DR: The Structure of Scientific Revolutions as discussed by the authors is a seminal work in the history of science and philosophy of science, and it has been widely cited as a major source of inspiration for the present generation of scientists.
Journal ArticleDOI

Technological paradigms and technological trajectories: A suggested interpretation of the determinants and directions of technical change

TL;DR: In this article, the authors propose a model to account for both continuous changes and discontinuities in technological innovation, and define the process of selection of new technological paradigms among a greater set of notionally possible ones.
Journal Article

Patterns of Industrial Innovation

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