ENT 4/13     APPROPRIABILITY: PROFITING FROM INNOVATION

Read:    
 
            Teece, D. 1987.  "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy."    In D. Teece (Ed.), The Competitive Challenge.   Cambridge, MA: Ballinger Publishing,  185-219.

•  According to Arrow, what are the major "imperfections in the market for knowledge?"  How important do you think these kinds of problems are in real life?
•  What is Teece"s (1987) argument?  Do you find it convincing?   Do you think that it is more important to gain control over complementary assets than to be innovative?
•  How is Stobaugh"s position different from that of Arrow or Teece?
•  What do Chesborough and Teece argue that is different from that of Teece (1987)?

 
      Case: Beta Golf (HBS #N9-898-162).
 

•  Should Beta Golf Manufacture its product?  Why or why not?
•  If Beta Golf contracts out manufacturing, who should in contract to?  Why?
•  If Beta Golf manufactures its product, what should its manufacturing plan be?

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