Profiting from technological innovation: …

285 Profiting from technological innovation : implications for integration , collaboration , licensing and public policy David J. TEECE * School of Business Administration, university of California, Berkeley, CA 94720, Final version received June i986 This paper attempts to explain why innovating firms often fail to obtain significant economic returns from an innovation , while customers, imitators and other industry participants be- nefit. Business strategy - particularly as it relates to the firm's decision to integrate and collaborate - is shown to be an important factor.

285 Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy David J. TEECE * School of Business Administration, University of California, Berkeley, CA 94720, U.S.A.

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  Innovation, University, Implications, Integration, Collaboration, Technological, Technological innovation, Implications for integration

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