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Teece DJ. A wider‐aperture lens for global strategic management: The multinational enterprise in a bifurcated global economy. Global Strategy Journal 2022. [DOI: 10.1002/gsj.1462] [Citation(s) in RCA: 1] [Impact Index Per Article: 0.5] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/05/2022]
Affiliation(s)
- David J. Teece
- Institute for Business Innovation, F402 Haas School of Business, #1930 University of California Berkeley California USA
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Abstract
How to profit from innovation has been an important question for both innovation scholars and practitioners over the years. It is certainly a relevant question for all types of technological innovation, including emerging ones. David J. Teece’s profiting from innovation (PFI) framework [Teece DJ (1986) Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy. Res. Policy 15(6):285–305.] sets forth a theory of the relevant contingencies. However, Teece’s framework focuses on technologies with applications in specific domains. We focus on the question of how to profit from enabling technologies: technologies that are applicable across multiple domains. We argue that capturing value in such circumstances is fundamentally different from profiting from less-enabling technologies and raises new issues with respect to the relevant business models and public policies. This paper’s contribution is threefold. It formally revises and extends the original PFI framework to include the case of enabling technologies, it provides empirical evidence to support the distinction between profiting from enabling and profiting from narrower “discrete” technologies, and it generates perspectives on the appropriate business models for these technologies and discusses related public policy implications, in light of the fact that the share of the benefits the innovator can capture is likely to be even smaller for enabling than for discrete technologies.
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Affiliation(s)
- Alfonso Gambardella
- Department of Management and Technology and Invernizzi Center for Research on Innovation, Organization, Strategy and Entrepreneurship (ICRIOS), Università Bocconi, 20136 Milan, Italy
- Centre for Economic Policy Research, London EC1V 0DX, United Kingdom
| | - Sohvi Heaton
- College of Business Administration, Loyola Marymount University, Los Angeles, California 90045
| | - Elena Novelli
- Cass Business School, City, University of London, London EC1Y 8TZ, United Kingdom
| | - David J. Teece
- Haas School of Business, Institute for Business Innovation, University of California, Berkeley, Berkeley, California 94720
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Affiliation(s)
- Rahul Kapoor
- Management Department, The Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania 19104
| | - David J. Teece
- Institute for Business Innovation, Haas School of Business, University of California, Berkeley, Berkeley, California 94720
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Lessard D, Teece DJ, Leih S. Introduction to special topic forum on developing the dynamic capabilities of global companies across levels and locations. Global Strategy Journal 2016. [DOI: 10.1002/gsj.1120] [Citation(s) in RCA: 13] [Impact Index Per Article: 1.6] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/09/2022]
Affiliation(s)
- Donald Lessard
- MIT Sloan School of Management; Massachusetts Institute of Technology; Cambridge Massachusetts U.S.A
| | - David J. Teece
- Haas School of Business; University of California at Berkeley; Berkeley California U.S.A
| | - Sohvi Leih
- Haas School of Business; University of California at Berkeley; Berkeley California U.S.A
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Affiliation(s)
- Donald Lessard
- MIT Sloan School of Management; Massachusetts Institute of Technology; Cambridge Massachusetts U.S.A
| | - David J. Teece
- Haas School of Business; University of California at Berkeley; Berkeley California U.S.A
| | - Sohvi Leih
- Haas School of Business; University of California at Berkeley; Berkeley California U.S.A
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Teece DJ. Achieving integration of the business school curriculum using the dynamic capabilities framework. Journal of Mgmt Development 2011. [DOI: 10.1108/02621711111133019] [Citation(s) in RCA: 28] [Impact Index Per Article: 2.2] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
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Augier M, Teece DJ. Strategy as Evolution with Design: The Foundations of Dynamic Capabilities and the Role of Managers in the Economic System. Organization Studies 2008. [DOI: 10.1177/0170840608094776] [Citation(s) in RCA: 138] [Impact Index Per Article: 8.6] [Reference Citation Analysis] [What about the content of this article? (0)] [Affiliation(s)] [Abstract] [Track Full Text] [Journal Information] [Subscribe] [Scholar Register] [Indexed: 11/17/2022]
Abstract
This paper discusses the intellectual roots of the dynamic capabilities framework. We draw on insights from Edith Penrose as well as others in order to help explain the essence of the business enterprise, and how it can escape the zero profit trap. We see the business enterprise as being in part a product of its own history, but not completely so. Managers can shape outcomes and are not completely trapped by prior decisions and investments. We call this `evolution with design', leaving room for both evolutionary processes as well as intentional design. This conclusion is consistent with Penrose's contributions to the theory of the firm.
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Teece DJ. Economic and sociological perspectives on diversification and organizational structure. Advances in Strategic Management 2004. [DOI: 10.1016/s0742-3322(00)17004-4] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 10/26/2022]
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Teece DJ. Common ground, different assumptions. Advances in Strategic Management 2004. [DOI: 10.1016/s0742-3322(00)17008-1] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 11/25/2022]
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Teece DJ. Toward an economic theory of the multiproduct firm. Advances in Strategic Management 2004. [DOI: 10.1016/s0742-3322(00)17002-0] [Citation(s) in RCA: 0] [Impact Index Per Article: 0] [Reference Citation Analysis] [What about the content of this article? (0)] [Track Full Text] [Subscribe] [Scholar Register] [Indexed: 10/26/2022]
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