The Affordable Resources strategy and the Milieux Embeddedness strategy as alternative approaches to facilitating innovation in a knowledge-intensive industry

2013

IJIPM

This paper reports the results of an original empirical study of the relationship between intellectual property and the financial performance of technology firms in the bioscience-technology industries. The study found a statistically significant positive relationship between the firms' investments in intellectual property and their performance. The performance measure was based upon revenue-growth data collected from each firm, and the categories of intellectual property analyzed included patents, trade secrets, trademarks, copyright and licenses to externally sourced technology. The study also found that the financial benefits of accumulating a strong intellectual property portfolio were enjoyed by technology firms regardless of whether they were strategically oriented towards R&D or strategically oriented towards the commercial production of products and services. His research and teaching concentrate on the management of intellectual property, technology-based entrepreneurship, and strategic planning for technology-based industry development. He holds doctorates in both strategic management and technology studies, and a master of laws degree in intellectual property law. Professor Willoughby has extensive experience as an educator, researcher, consultant and program leader in the United States, Europe, Asia and Australia, including a variety of university-industry collaboration projects, technology commercialization projects and executive education projects. the production of goods or services-makes any difference to the level and character of the impact of intellectual property on its business performance.

Section: Variables and Models Included In The Analysismentioning

confidence: 99%

What impact does intellectual property have on the business performance of technology firms?

2013

IJIPM

“…Thus, R&D intensity is really a proxy for knowledge intensity. Defining knowledge intensity in this manner, however, is not inconsistent with the limited literature that covers this concept (e.g., Autio, Sapienza, and Almeida, 2000;Willoughby, 2004).…”

Section: Knowledge Intensitymentioning

confidence: 98%

“…As a side issue, describing firms that invest heavily in R&D activities as being knowledge intensive might perhaps be thought of by some commentators as being inconsistent with the notion of knowledge supporting all aspects of an organization's operations. Yet knowledge intensity, in the literature, is often correlated with R&D intensity, as illustrated by Willoughby (2004) who suggests that the biotechnology industry is a knowledge intensive industry on the basis of very significant R&D activities within the industry. Thus, R&D intensity is really a proxy for knowledge intensity.…”

Section: Knowledge Intensitymentioning

confidence: 99%

Inter-organizational collaboration, knowledge intensity, and the sources of innovation in the bioscience-technology industries

Galvin²

2005

Know Techn Pol

Center for the Development of Technological Leadership. His interests lay in strategic technology management, intellectual property management, technology-based entrepreneurship, technologybased industry development, and regional economic development planning. Much of his work has focused on life-science related industries. He holds doctoral degrees in both technology studies and strategic management. He also works in the area of technology commercialization education for the

“…The emergence of the knowledge based view of the firm during the last two decades within the academic literatures of management, organization and economics has reflected the increasing prominence of knowledge as a key source of wealth creation in society and a key source of competitive advantage for firms and regions [Nonaka (1994); Nonaka & Takeuchi (1995); Sveiby (1997); Stewart (1999); Jin (2001); Willoughby (2004); Curado & Bontis (2006)]. This has led to a steady stream of research on the theme of intellectual capital and the related theme of intellectual assets as either complements or substitutes for orthodox categories of capital, such as financial capital, physical capital and human capital [Edvinsson (1997[Edvinsson ( , 2000; Booker et al (2008); Tan et al (2008)].…”

Section: Introduction: Knowledge Learning Intellectual Capital and mentioning

confidence: 99%

Intellectual Property Management and Technological Entrepreneurship

Int. J. Innovation Technol. Management

2013

This paper investigates the distinctive technology protection strategies of entrepreneurial technology firms. In contrast with much popular opinion, it is reported that intellectual property features more prominently in the business of small entrepreneurial firms than it does in the business of large, established mature firms. The intellectual property portfolios of technology firms of all sizes and ages exhibit a rich array of instruments in addition to patents for protecting technology, including trade secrets, trademarks and copyright, together with licenses to externally sourced technology. The intellectual property profiles of technology firms appear to be influenced by their context, organizational profiles and corporate goals and by the character of their technology.