Lopez, Henry and Vanhaverbeke, Wim (2009): How innovation intermediaries are shaping the technology market? An analysis of their business model.
Preview |
PDF
MPRA_paper_20458.pdf Download (188kB) | Preview |
Abstract
In an era with abundant and widely distributed knowledge across the globe, technology markets became prominent. As technology transactions suffer from several market imperfections, a rapidly increasing number of various innovation intermediaries are facilitating these transactions. We analyse how a subset of these intermediaries create value in a two-sided market and how they can capture part of the value. A detailed analysis of the business model of 12 innovation intermediaries clarifies how these organizations improve the effectiveness of technology markets providing benefits for both sides of the market. We also look at managerial trade-offs between the use of intermediaries’ services and in-house innovation platforms.
Item Type: | MPRA Paper |
---|---|
Original Title: | How innovation intermediaries are shaping the technology market? An analysis of their business model |
Language: | English |
Keywords: | innovation intermediaries; open innovation; business model; two-sided markets |
Subjects: | O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives |
Item ID: | 20458 |
Depositing User: | Wim Vanhaverbeke |
Date Deposited: | 07 Nov 2010 22:51 |
Last Modified: | 02 Oct 2019 12:12 |
References: | Amit, R. & Zott, C. 2001, "Value creation in E-Business", Strategic Management journal, vol. 22, no. 6-7, pp. 493-520. Arora, A., Fosfuri, A. & Gambardella, A. 2001, Markets for technology: The economics of innovation and corporate strategy, The MIT press, Cambridge,MA. Arora, A. & Gambardella, A. 2010, "Markets for technology" in Handbook of Economics of Innovation, eds. B.H. Hall & N. Rosenberg, Elsevier, Amsterdam. Arrow, K. 1962, "Economic Welfare and the Allocation of Resources for Invention " in The Rate and Direction of Inventive Activity: Economic and Social Factors, ed. H.M. Groves, National Bureau Committee for Economic Research, Cambridge, MA, pp. 609-626. Becker, B. & Gassmann, O. 2006, "Gaining leverage effects from knowledge modes within corporate incubators", R&D Management, vol. 36, no. 1, pp. 1-16. Bessant, J. & Rush, H. 1995, "Building bridges for innovation: the role of consultants in technology transfer", Research Policy, vol. 24, pp. 97-114. Chesbrough, H. 2007, "Business model innovation: It's not just about technology anymore", Strategy & Leadership, vol. 35, no. 6, pp. 12-17. Chesbrough, H., Vanhaverbeke, W. & West, J. 2006, Open Innovation: Researching a New Paradigm, Oxford University Press, Oxford. Chesbrough, H. 2006, Open Business Models: How to Thrive in the New Innovation Landscape, Harvard Business School Press, Boston, MA. Chesbrough, H. 2003, Open Innovation: The new Imperative for Creating and Profiting from Technology, Harvard Business School Press, Boston, MA. Chesbrough, H. & Rosenbloom, R.S. 2002, "The role of the business model in capturing value from innovation: Evidence from Xerox Corporation's technology spin-off companies", Industrial and Corporate Change, vol. 11, no. 3, pp. 529-555. Diener, K. & Piller, F.T. 2010, The market for open innovation, RWTH-TIM Group, Germany. Eisenhardt, K. 1989, "Building Theories from Case Study Research", The Academy of Management Review, vol. 14, no. 4, pp. 532-550. Eisenmann, T., Parker, G. & van Alstyne, M.W. 2006, "Strategies for Two-Sided Markets", Harvard Business Review, vol. 84, no. 10, pp. 92-101. Hansen, M.T., Chesbrough, H., Nohria, N. & Sull, D. 2000, "Networked incubators: hot houses of the new economy", Harvard business review, vol. 78, no. 5, pp. 74-84. Hargadon, A. & Sutton, R. 1997, "Technology Brokering and Innovation in a Product Development Firm", Administrative Science Quarterly, vol. 42, pp. 716-749. Howells, J. 2006, "Intermediation and role of intermediaries in innovation", Research Policy, vol. 35, pp. 715-728. Huston, L. & Sakkab, N. 2006, "Connect and Develop", Harvard business review, vol. 84, no. 3, pp. 58-66. Johnson, M.W., Christensen, C.M. & Kagermann, H. 2008, "Reinventing your business model", Harvard business review, vol. 86, no. 12, pp. 50-59. Lichtenthaler, U. & Ernst, H. 2008, "Intermediary services in the markets for technology: Organizational antecedents and performance consequences", Organization Studies, vol. 29, no. 7, pp. 1003-1035. McAdam, M., Galbraith, B., McAdam, R. & Humphreys, P. 2006, "Business processes and networks in university incubators: A review and research agendas", Technology analysis & strategic management, vol. 18, no. 5, pp. 451-472. McCracken, G. 1988, The long interview, SAGE Publications, Inc., Newbury, CA. Miles, M.B. & Huberman, A.M. 1994, Qualitative data analysis, Sage, Newbury Park, CA. Morris, M., Schindehutte, M. & Allen, J. 2005, "The entrepreneur's business model: toward a unified perspective", Journal of business research, vol. 58, no. 6, pp. 726-735. Parker, G.G. & van Alstyne, M.W. 2005, "Two-sided network effects: A theory of information product design", Management Science, vol. 51, no. 10, pp. 1494-1504. Rochet, J. & Tirole, J. 2006, "Two-sided markets: A progress report", The RAND Journal of Economics, vol. 37, no. 3, pp. 645-667. Rochet, J. & Tirole, J. 2003, "Platform competition in two-sided markets", Journal of the European Economic Association, vol. 1, no. 4, pp. 990-1029. Teece, D.J. forthcoming, "Business Models, Business Strategy and Innovation", Long range planning. Verona, G., Prandelli, E. & Sawhney, M. 2006, "Innovation and virtual environments: Towards virtual knowledge brokers", Organization Studies, vol. 27, no. 6, pp. 765-788. Winch, G.M. & Courtney, R. 2007, "The organization of innovation brokers: An international review", Technology analysis & strategic management, vol. 19, no. 6, pp. 747-763. Yin, R.K. 2009, Case Study Research: Design and Methods, 4th ed. edn, SAGE Publications, Thousand Oaks, CA. Youtie, J. & Shapira, P. 2008, "Building an innovation hub: A case of the transformation of university roles in regional technological and economic development", Research Policy, vol. 37, pp. 1188-1204. Zott, C. & Amit, R. 2007, "Business model design and performance of entrepreneurial firms", Organization Science, vol. 18, no. 2, pp. 181-199. Zott, C. & Amit, R. forthcoming, "Business Model Design: An Activity System Perspective", Long range planning. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/20458 |